Webuild, here’s how it goes (and what they say)
New orders acquired for Webuild and in the process of being finalized since the beginning of the year for 8 billion euros, which exceed 21 billion with the maxi order in Texas. Meanwhile, the Cdp shareholder in the meeting …
A leap to Piazza Affari for the Webuild stock which rose by more than 2% after announcing an update on the new orders front.
In detail, the consolidated value of the awards of the group led by Pietro Salini, of the contracts being finalized and of those in which the group is the best bidder from the beginning of 2021 to today, amounts to 8 billion euros, with a focus on Italy , Australia and Switzerland, in addition to the mega-contract signed for the high-speed line in Texas in the United States, worth 16 billion dollars (13.1 billion euros).
The Salini family – through the company Salini Costruttori – now controls Webuild with 45% of the capital and sees as important shareholders Cdp Equity with 18.6%, Intesa and Unicredit with approximately 5% respectively.
And the Cdp shareholder voted against the remuneration report in the shareholders' meeting that voted on the 2020 financial statements, as pointed out by Domani Quotidiano and Fatto Quotidiano . In the past year, in fact, the number one Salini saw his emolument rise to 6.1 million euros between fixed and variable from 5.4 million the previous year.
All the details.
28 PROJECTS IN TOTAL
The projects, in total 28 and with a total value of 13.8 billion euros, in addition to Texas – reports a note – provide for the construction of sustainable infrastructures in particular in the areas of sustainable mobility and clean water business, and of these 5 they are worth more than one billion euros.
ORDER PORTFOLIO OF MORE THAN 50 BILLION EUROS
These results push Webuild's potential construction order book at the end of the first half of 2021 to over 50 billion euros. They also represent – underlines the group – a great opportunity also for the sector supply chain, in Italy 7 thousand companies involved by the Group in about 20 projects, and for the economic recovery pursued by the country.
THE INTEGRATION OF ASTALDI IS POSITIVE
The commercial activity of the Group in these first months of 2021 – continues the press release – reflects the positive effects of the strengthening of Webuild in Italy and abroad, with greater competitiveness that also derives from a new dimensional level acquired following the integration of Astaldi, through the industrial operation Progetto Italia .
GROWING THE BACKLOG IN THE COUNTRY
The potential backlog of Webuild in Italy has grown up to 33%, the group said.
Today the former Salini Impregilo is focusing its activities in Italy by leveraging the new acceleration of infrastructure investments driven by the NRP and the shared need at the government level to push the construction of strategic works and the creation of new jobs.
At the moment the group is operating both in Northern Italy, with the continuation of the Brenner Base Tunnel, and in Southern Italy, where the Group has just been awarded the new Orsara-Hirpinia and Orsara-Bovino high-speed / capacity Naples sections. -Bari.
Furthermore, Webuild, commissioned by RFI (subsidiary of Ferrovie Italiane), will deal, in consortium with Pizzarotti (Webuild leader with a 70% share), of the executive design and execution of the works to double the high-capacity railway line Messina – Catania , Giampilieri – Fiumefreddo section, 2nd Functional Lot Taormina – Giampilieri.
THE DIVERSIFICATION STRATEGY CONTINUES
In addition to Italy, Webuild continues its diversification strategy in low-risk markets such as the United States, Europe and Australia, which are planning new investments in the infrastructure sector with a view to post-pandemic economic recovery.
In Switzerland, the former Salini Impregilo will build a section of the Gotthard motorway tunnel and the new Safe Host data center in Gland. In Australia, the company was selected in consortium as the best bidder for Melbourne's North East Link Project, the largest road project in the State of Victoria.
WHAT WEBUILD WILL DO IN THE UNITED STATES
Finally, in the United States, following the signing in Texas of the $ 16 billion contract for the construction of the country's first high-speed train, the group was awarded the Kansas Citys water and environmental sustainability project through its subsidiary Lane Construction. Levees Flood Risk Management Project.
BECAUSE CDP VOTED NO AT THE SHAREHOLDERS 'MEETING TO THE REPORT ON REMUNERATION
Meanwhile, the Cdp shareholder opposed, by voting against in the meeting, the report on the remuneration for the CEO Pietro Salini and the managers of Webuild with whom the salary was increased in 2020. "Evidently in a climate of economic difficulty for the entire country , the public shareholder considered the remuneration policies of the CEO and the top management of the group to be not very moderate. The majority of the shareholders (Salini in the lead) went straight on their way approving the maxi-salaries of the group's top management ”, commented Fabio Pavesi in the Fatto Quotidiano .
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/webuild-ecco-come-va-e-cosa-si-dice/ on Mon, 28 Jun 2021 14:07:50 +0000.