(Reuters) -Italy’s largest construction company Webuild said on Friday it had secured 9.3 billion euros ($10.9 billion) worth of new orders so far in 2025, and confirmed its financial guidance for the full year.
The group has already crossed the order intake target under its 2023–2025 plan by nearly 10 billion euros, with the intake for the three-year period standing at 45 billion euros as of the end of the third quarter.
Webuild maintained its 2025 forecasts for revenue exceeding 12.5 billion euros and core earnings (EBITDA) of more than 1.1 billion euros. It also expects its net cash position to cross 700 million euros and a book-to-bill ratio to be greater than 1, indicating more orders are coming in than being filled.
The group’s short-term commercial pipeline stood at 76.7 billion euros at the end of the third quarter, including around 18.5 billion euros in tenders submitted and awaiting an outcome, it said.
“The positive operating trends point to a potential further upside in the group’s growth,” Webuild said in the quarterly statement, adding it would continue to monitor opportunities in strategic markets such as Europe, Australia, North America and the Middle East.
Webuild typically does not report sales or earnings figures for the nine-month period.
($1 = 0.8575 euros)
(Reporting by Laura Contemori in Gdansk; editing by Milla Nissi-Prussak)
