Italy's WeBuild FY revenue beats; expects 2026 revenue in line with 2025

Webuild SpA

12/03/2026 07:50

Overview

Italy construction group's 2025 revenue rose 15% yr/yr, beating analyst expectations

EBITDA and EBIT both grew double digits, driven by margin improvement and cost controls

Company strengthened financial structure, reducing leverage and maintaining solid net cash position

Outlook

Company expects 2026 revenue in line with 2025 record levels, supported by strong backlog

Focus on margin improvement and operating cash generation, confirming a positive net cash position

Investor day planned in early June to present new three-year business plan

Result Drivers

MARGIN IMPROVEMENT - Co said EBITDA margin rose to 8.6% in 2025 from 7.2% in 2022, driven by cost management and new contract models

GLOBAL BACKLOG - Co cited record order backlog at EUR 58.4 bln and new orders above plan targets as supporting revenue growth

LOW-RISK MARKETS - Co said over 90% of 2025 revenues came from low-risk markets, supporting stability and growth

Company press release: ID:nBIA6b5Hx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 13.60 bln
EUR 13.30 bln (6 Analysts)
FY EBIT
EUR 705 mln
FY EBITDA
EUR 1.16 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Webuild SpA is €4.45, about 49.5% above its March 11 closing price of €2.98

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)