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Webuild Shares Climb on Stronger Profitability and Trevi Takeover Bid
Shares of Webuild SpA (WBD) gained 2.9% to €2.204 in Tuesday trading after the company reported a significant improvement in first-half profitability and announced a voluntary tender offer to acquire foundation engineering firm Trevi SpA.
Earnings Show Margin Expansion
Webuild's Board of Directors approved its consolidated financial report for the six months ending June 30, 2026, revealing a meaningful acceleration in profitability. The company announced the results on Monday evening.
Key financial highlights from the report include:
- Revenues: Held steady at €6.65 billion, broadly in line with the same period last year.
- EBITDA: Climbed approximately 14% year-over-year to €673 million.
- EBITDA Margin: Expanded to 10.1% from 8.9% a year earlier.
The results demonstrate improved operational efficiency and execution capabilities, even as production volumes remained at record levels amid a challenging macroeconomic environment, according to the company.
AdStrategic Bid for Trevi SpA
Alongside its earnings, Webuild launched an all-cash voluntary tender offer for 100% of Trevi SpA, valuing the company at approximately €295 million. The offer represents a premium of nearly 30% over Trevi’s closing price before a competing bid was announced and is about 8% higher than the rival offer.
CEO Pietro Salini described the proposed acquisition as "an important investment in expertise." The move is intended to vertically integrate critical, high-value-added specialties, thereby sharpening the group's competitive position.
Market Context
The rally in Webuild's stock was supported by a positive tone in the broader market, with Italy's FTSE MIB index trading up approximately 0.9%. Despite the day's gains, Webuild shares remain significantly below their 52-week high of €4.306, suggesting the positive reaction is amplified by the stock's ongoing recovery.
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