Webuild S p A : Massimo Ferrari at "Focus Economia" programme on Radio 24

Record results also due to the dimensions reached by the GroupBenefits for entire supply chain of over 19,400 companies

Milan, March 18, 2024- The record results reached by the Webuild Group are well beyond the expectations and are greatly linked to the Group's increased dimensions. "Size really matters in the infrastructure sector, and it gives us a huge competitive advantage. For example, with the same costs, if the turnover increases, the impact obviously lessens, as this allows us to then invest in innovation and safety, involving the entire supply chain of over 19,400 companies, which also benefit".

Webuild General Manager Massimo Ferrari used these words this afternoon at the Focus Economia programme of Radio 24, as he commented the 2023 financial statements results of the largest Italian general contractor. "The market is explosive, and there are some macro effects like the energy transition and climate change that are driving investments in the infrastructure sector. And we are ready to meet the current demand, globally", said Ferrari.

"90% of tenders won by the Group in the last two years were due to the technical score and not for a price discount. The score considers, in fact, ESG indicators, and the occupational safety ones, besides actual engineering skills: we have over 4,000 engineers working for the Group globally", he then added.

According to Ferrari "the proposal made for the San Siro Stadium in Milan is due to these very skills: we think that we will make a proposal to see if in the forthcoming years it will be still possible to use the Meazza Stadium, whatever the future choices of the two football teams of the city of Milan may be".

Webuild's GM then said that the Strait of Messina Bridge project is "still not included in the plan until it is actually assigned to us. Our engineers would really be ecstatic, and so proud, also due to the fact that we are currently constructing infrastructures in Sicily worth about €7 billion euros. With regard to the numbers, it would add very little to the already huge dimensions already reached by the Group".