(Alliance News) - Franchetti Spa announced on Monday an update of the backlog, which, as of November 30, amounted to approximately EUR32.6 million.

Specifically, the value of Italy's backlog is EUR30.6 million while that for Brazil is EUR1.9 million.

Paolo Franchetti, president and CEO of Franchetti, said, "The infrastructure sector, and related maintenance, is experiencing a moment of strong growth, driven in Italy also thanks to the funds allocated by the PNRR. This growth is reflected in our backlog, which to date has exceeded the EUR30 million threshold."

Franchetti's stock is up 0.6 percent at EUR3.52 per share.

By Chiara Bruschi, Alliance News reporter

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