Q4 2024 Webuild SpA Earnings Call Transcript

Mar 14, 2025 / 08:30 AM GMT
Release Date Price: $2.05

Key Points

Positve
  • WeBuild SpA (IMPJY) exceeded its 2024 revenue target by over €1 billion, achieving €12 billion in revenues, a 20% increase from 2023.
  • The company achieved a record high EBITDA of €967 million, marking an 18% increase compared to the previous year.
  • WeBuild SpA (IMPJY) maintained a net cash position of €1.4 billion, ensuring financial stability despite higher investments.
  • The company secured 100% of its 2023-2025 order intake, entering 2025 with a backlog of €63 billion, one of the highest in the industry.
  • WeBuild SpA (IMPJY) is ranked first among peers in health and safety, reflecting its commitment to employee well-being.
Negative
  • Net financial costs increased by €20 million, with financial expenses rising by €55 million due to bond issues and other financial factors.
  • The company faced losses on investments amounting to €32 million, primarily due to a stop loss agreement related to a project in Turkey.
  • Net exchange gains decreased significantly from €34 million in 2023 to €3 million in 2024.
  • The company anticipates a reduction in interest rates, which could impact borrowing costs, but this remains uncertain.
  • Despite strong performance, the company is not yet including the potential impact of the Messina Bridge project in its 2025 guidance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WBD.MI - Webuild SpA
Q4 2024 Webuild SpA Earnings Call
Mar 14, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. This is the Coruco conference operator.

Welcome and thank you for joining the rebuild Full year 2024 financial results conference call. Our call today is hosted by Piero Saini, Chief Executive Officer, together with Massimo Ferrari, general manager. As a reminder, all participants are in lesson only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and 0 on their telephone.

At this time, I would like to turn the conference over to Mr. Piero Saini, Chief Executive Officer. Please go ahead, sir.

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