Our Group Strategy
2023–2025 Plan: Results exceeding targets
The 2023–2025 Business Plan “Roadmap to 2025 – The Future Is Now” concluded with excellent results, outperforming targets across all key dimensions: industrial, financial, commercial, and employment.
These achievements are particularly significant given the complex macroeconomic environment and confirm the deep resilience of the Group’s business model.
A platform of excellence for global challenges
Over the last three years, Webuild has consolidated a platform of excellence that makes the Group more resilient and solid. A platform that will be further enhanced by technology, digitalization, and innovative processes.
Today, leveraging its global presence, scale, record backlog, distinctive expertise, and the resilience demonstrated in recent years, Webuild is well positioned to embark on a new phase of consolidation. The focus in the coming years will be on cash generation and medium-to long-term value creation.
Investor Day: The presentation of the new three-year Business Plan will take place in early June during a dedicated Investor Day.
Operational Excellence and Market Leadership
During the 2023-2025 period, Webuild delivered over 45 strategic infrastructure projects worldwide, infrastructures that improve quality of life for millions of people.
Our unique and integrated set of capabilities —ranging from engineering and procurement for major infrastructure projects to world-class in-house construction technologies—is why clients continue to choose Webuild as their partner of choice.
Consolidated Leadership in Key Markets
The 2025 results confirm Webuild’s position as a global leader in the construction sector:
- #1 globally in the Water sector
- #1 in Italy
- #3 in Australia
- #6 in Europe
Safety at Work: Our Priority
We are a leader among our peers for Health and Safety standards. We continue to invest in promoting a shared safety culture, with 3.6 million training hours dedicated to Health & Safety over the last 6 years.
Human Capital and Supply Chain
Our strength lies in our people and a global supply chain of excellence:
- Approximately 95,000 people employed globally (direct employees and third parties).
- 17,500 suppliers making up our supply chain.
- Over 13,000 average hires per year.
- Over 3 million training hours delivered in the 2023-2025 period to ensure growth and expertise.
Results 2023-2025 Business Plan: Financial Highlights
- Record Revenue Growth: 2022-2025 CAGR of 19% (vs. 10% target); +68% Vs 2022.
- Doubled EBITDA: Results doubled compared to 2022, with margins rising to 8.6% (vs. 7.2% in 2022), driven by initiatives implemented over the three-year period, including: a selective bidding approach, cost base rationalization, the introduction of new contract management models, greater use of collaborative contract formulas and the reorganization of subsidiaries.
- Financial Leverage: Reduced from 4.5x (2022) to 2.6x (2025).
- Financial Solidity: Net Financial Position remained solidly positive (net cash), despite €2.5 billion in investments made during the period.
- Commercial Performance: Acquired €13 billion more in orders than forecasted in the Plan.
- Shareholder Value: Value more than doubled over the Plan cycle, with a TSR (Total Shareholder Return) >160%.
Webuild 2025 Results | Plan outperformed. Future Secured.
ESG Plan 2024–2025: Targets Achieved
2025 marked the completion of the ESG Plan, with results that consolidate the Group's position as a sustainability benchmark in the sector.
- Climate Transition: Reduced GHG emission intensity (Scope 1 & 2) by 33% vs. the 2022 baseline (Plan target: -10%).
- Innovation and Cleantech: €586 million invested in innovative projects and clean technologies, significantly exceeding the €430 million target.
- Inclusion and Management: The percentage of women in management roles increased by 27% vs. the 2023 baseline (Plan target: +20%).
- Health and Safety: Significantly reduced the Lost Time Injury Frequency Rate (LTIFR) to 2.23 in 2025, a 20% reduction vs. the 2022 baseline (Plan target: -6%).
OUTLOOK 2026
Our global presence, record backlog, scale, distinctive expertise and resilience demonstrated in recent years provide a solid foundation to face the future with confidence.
In light of the current geopolitical context, the Group expects the following trends for 2026:
- Revenues in line with the record levels of 2025, supported by the significant backlog;
- Continuation of initiatives aimed at improving margins and strengthening operating cash flow generation, aiming to maintain a positive net financial position (net cash), leveraging the scale achieved and solid industrial track record.
Next Event: Investor Day in June for the presentation of the new three-year Business Plan.
