has reported that its net profit for financial year 2023 soared to 鈧�236m ($257.33m), a rise from 鈧�118m in 2022.聽
The company鈥檚 total revenue and other income for the year also saw an increase, rising to 鈧�9.99bn from 鈧�8.16bn in 2022. It reported that 90% of its revenues were generated in low-risk countries.聽
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Webuild stood at 鈧�819m, marking a 43% increase from 鈧�572m in 2022.聽聽
Webuild鈥檚 total order backlog reached 鈧�63.7bn in 2023, with construction backlog by geographies accounting for 鈧�54.9bn.
The construction backlog itself expanded by 25% compared to the previous year.
In 2023, Webuild鈥檚 mergers and acquisitions activities included the acquisition of Australian company Clough.聽
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By GlobalDataAdditionally, it divested its share in the concession related to Italy’s M4 metro line, realising 鈧�141m from the sale.聽
A total of 90% of Webuild’s construction backlog is composed of projects that contribute to UN Sustainable Development Goals.
Webuild CEO Pietro Salini said: 鈥淥ur performance is the result of a consistent and clear strategy delivered since 2012.鈥�
For 2024, Webuild forecasts another year of growth, with revenues expected to surpass 鈧�11bn and EBITDA to exceed 鈧�900m.聽
