Reway Group Secures First Port Infrastructure Contracts Worth Over €9 Million

Reway Group SpA ( (IT:RWY) ) has shared an announcement.

Reway Group S.p.A. has secured its first contracts in the port infrastructure maintenance sector, worth over 9 million euros, marking a strategic expansion into new markets. The contracts, awarded to its subsidiaries MGA and Gema by the Port System Authority of the Eastern Ligurian Sea, involve railway maintenance and hydraulic risk mitigation projects, enhancing Reway Group’s role in supporting Italy’s mobility infrastructure.

The most recent analyst rating on (IT:RWY) stock is a Buy with a EUR8.30 price target. To see the full list of analyst forecasts on Reway Group SpA stock, see the IT:RWY Stock Forecast page.

More about Reway Group SpA

Reway Group S.p.A. is the largest Italian operator specializing in the rehabilitation and maintenance of road and highway infrastructures. It is the only company in Italy with railway network maintenance as part of its core business. Founded in 2021, the company oversees activities related to the restoration of bridges, tunnels, and viaducts and operates through subsidiaries such as MGA, Gema, and Vega Engineering. Reway Group employs over 600 staff and maintains a fleet of over 300 operational vehicles.

Average Trading Volume: 9,601

Technical Sentiment Signal: Buy

Current Market Cap: €328.6M

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