ROMA (ITALPRESS) – Webuild’s 2025 results have been welcomed in a positive way by financial analysts, who emphasize the solidity of growth recorded in recent years and the favourable positioning of the group to improve profitability and cash generation in the next industrial cycle, although in a context of discontinuity of the world order which has never been recorded in the last century.
The analysts’ consent highlights how Webuild enters the next industrial phase with solid foundations, a very high backlog and a diversified international presence. In this context, the new June industrial plan is expected as the next catalyst to further highlight the potential for creating value of the group. The average target price of analysts is 3.6 euro, which therefore implies a 50% revaluation of the title.
According to Intermonte, which has a rating buy and an objective price of 4.5 euros on the title, the results of the exercise exceeded expectations thanks to a dynamic of revenues particularly robust. Revenues at EUR 13.6 billion, up by 15% on an annual basis, confirm the strong expansion trend in recent years. From 2022 to 2025, in fact, Webuild has evidenced an average annual rate of growth of revenues around 18%, supported by a high acquisition of new orders.
Analysts highlight how the size reached by the group today represents an important strength. The total backlog stands at approximately 59 billion euros, of which 50 billion in the construction segment, guaranteeing a coverage of approximately four years of revenues. This level of visibility, according to observers, provides a very solid basis for planning the coming years.
Also Equita (rating buy, target price €4.1) emphasizes the substantial achievement of expectations at EBITDA level in 2025. The management also highlighted that all operational activities continue regularly.
Looking at 2026, the company provided prudent indications in light of uncertainties related to the geopolitical context: revenues are expected stable, while the continuation of initiatives aimed at improving profitability and cash generation remains with a positive net cash. Analysts believe that opportunities in the infrastructure sector remain significant despite the geopolitical context, with Webuild well placed to seize them thanks to its geographical presence.
For the new industrial plan, scheduled for June, Intermonte expects a continuous focus on improving marginality and cash generation, reflecting the increasing quality of the order portfolio, improved implicit profitability of the projects and greater selectivity in the acquisition of new contracts.
From the geographical point of view, the prospects remain interesting in several key markets. Equita highlights in particular the strong commercial pipeline in Australia, destined to represent one of the main growth areas of the group. In the United States, the turnaround process is progressing positively and is significantly improving the quality of backlog in a highly expanding infrastructure market.
Analysts also stress the progress made in the budgetary strengthening strategy. In recent years Webuild has significantly reduced the risk profile of its activities, focusing on more stable geographical areas and increasing the operational scale.
A further positive element for the group comes from the publication in the Official Journal of the decree Commissioners, which previews a total allocation of 2.8 billion euros in favor of Rete Ferroviaria Italiana: 1.8 billion for 2026 and 1 billion for 2027. The resources are intended to reduce the debt exposure of the company and replace funds already used by RFI for the payment of enterprises and suppliers engaged in the realization of railway infrastructure and great works for mobility. According to observers, the measure contributes to strengthening the capacity of infrastructure supply and represents a favorable signal for the main operators of the sector, including Webuild.
– Photo press office Webuild –
(ITALPRESS).
