Webuild has reported that its net profit for financial year 2023 soared to €236m ($257.33m), a rise from €118m in 2022. 

The company’s total revenue and other income for the year also saw an increase, rising to €9.99bn from €8.16bn in 2022. It reported that 90% of its revenues were generated in low-risk countries. 

Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Webuild stood at €819m, marking a 43% increase from €572m in 2022.  

Webuild’s total order backlog reached €63.7bn in 2023, with construction backlog by geographies accounting for €54.9bn.  

The construction backlog itself expanded by 25% compared to the previous year. 

In 2023, Webuild’s mergers and acquisitions activities included the acquisition of Australian company Clough. 

Additionally, it divested its share in the concession related to Italy's M4 metro line, realising €141m from the sale. 

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: “Our performance is the result of a consistent and clear strategy delivered since 2012.” 

For 2024, Webuild forecasts another year of growth, with revenues expected to surpass €11bn and EBITDA to exceed €900m.