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Webuild (WBD) investor relations material
Webuild Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
New orders year-to-date reached €9.3 billion, with the majority from low-risk countries and a commercial pipeline of €77 billion, providing strong revenue visibility for the next business plan.
The 2023-2025 business plan is set to close with operational results and acquired orders well above targets, exceeding the plan's order intake target by nearly €10 billion.
Major projects delivered include the Grand Ethiopian Renaissance Dam and the Riachuelo wastewater treatment plant, reinforcing leadership in large, complex infrastructure, especially in the water sector.
Over 11,000 hires in the first nine months, with a total workforce of about 95,000.
Financial highlights
Order intake for the 2023-2025 period totals approximately €45 billion, surpassing targets.
As of June 30, 2025, the order backlog stands at approximately €59 billion.
2025 guidance confirmed: revenues expected to exceed €12.5 billion, EBITDA above €1.1 billion, net cash position over €700 million, and book-to-bill ratio greater than 1.0.
Outlook and guidance
Positive operating trends suggest potential further upside to growth.
Market environment remains rich with opportunities, supporting the confirmed 2025 financial guidance.
Expected impact of 2026 tender outcomes
Key markets driving low-risk order intake
Factors supporting 2025 guidance upside
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Frequently asked questions
Webuild S.p.A. operates in the construction and civil engineering sector, delivering infrastructure projects including roads, railways, dams, and metro systems. The company serves public and private sector clients globally and specializes in complex, large-scale works. The company is headquartered in Milan, Italy, and its shares are listed on the BIT.
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