WeBuild runs at Piazza Affari after the good news on order collection. Mid-morning, the title of the former Salini, earn 3% rising to 2,098 euros per share after having reached a maximum of 2,148 euros. This is one of the best performances among the listed companies on the FTSE Italia All-Share.
The indications from the company's board of directors, which met yesterday, are encouraging the purchases the preliminary management results for 2021 relating to the financial structure of the group. The company “registered a record amount of new awards benefiting from the significant investment plans in sustainable infrastructure launched by the various countries in which the group operates,” explains WeBuild in a note.
Speaking in figures, the total value of new orders acquired and being finalized during the year comes to approx 10,8 billion, of which over 95% in key geographies, such as Italy, the USA, Australia, France, Austria and Northern countries.
La net financial position of the group sees a "positive net cash of 100-200 million, an improvement of approximately 540-640 million compared to 31 December 2020 and of 500-600 million compared to the mid-point of the 2021 guidance". A record result - underlines the group - since 2014, the year Salini Impregilo was established. L'gross debt amounted to 2,6-2,7 billion, down by 860-960 million compared to 31 December 2020.
The debt trend confirms the improvement in the dynamics of working capital also due to the geographic de-risking initiated by the company in recent years and the improvement in the Italian market context”, commented the Equita analysts.
