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Webuild SpA ( (IT:WBD) ) has issued an update.
NEOM has exercised its contractual right to withdraw from the Connector High-Speed Line project in Sharma, Saudi Arabia, a high-speed railway along the northern Red Sea coast where Webuild had reached about 20% progress. The termination becomes effective on 27 May 2026, leaving a remaining project backlog of roughly €1 billion, but no revenues from this contract had been expected for the current year due to its prior suspension.
Under the agreed terms, NEOM will reimburse all costs incurred up to the withdrawal date, as well as expenses linked to early termination, site disengagement and demobilisation, leaving Webuild contractually protected from financial harm. With this decision, all Webuild activities for NEOM are now concluded, while the group’s broader construction backlog remains above €50 billion, limiting the impact of the cancellation on its overall business outlook.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR3.40 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.
More about Webuild SpA
Webuild SpA is a global leader in large, complex infrastructure, with a focus on sustainable mobility, hydroelectric power, water management and green building. Active in about 50 countries and employing around 95,000 people of more than 125 nationalities, the group has completed thousands of projects worldwide, from major dams and canals to railways, metro lines, roads and bridges.
Headquartered in Italy and listed on the Milan Stock Exchange, Webuild reported 2025 revenues of €13.6 billion and a total order backlog of €58.4 billion. The company is recognised as a leading builder in the water sector and aligns over 95% of its construction backlog with United Nations Sustainable Development Goals, reflecting a strong emphasis on ESG performance.
Average Trading Volume: 4,080,913
Technical Sentiment Signal: Hold
Current Market Cap: €2.48B
Learn more about WBD stock on TipRanks’ Stock Analysis page.