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Webuild SpA ( (IT:WBD) ) has issued an update.
Webuild has disclosed that NEOM has exercised its right to withdraw from the Trojena contract in Saudi Arabia, which covered the construction of three dams to supply a freshwater lake and the architectural structure known as The Bow. The withdrawal, which also affects other contractors in the area, becomes effective on 29 March 2026, at which point the project is about 30% complete and Webuild’s remaining backlog on the contract stands at roughly €2.8 billion.
Under the terms of the agreement and applicable law, NEOM will reimburse Webuild for costs incurred up to termination and for expenses related to winding down and demobilizing the site, leaving the group contractually protected from the financial impact of the early exit. Despite the loss of the Trojena work, Webuild’s construction backlog, net of the remaining activities related to the project, remains above €50 billion, suggesting that the cancellation, while sizeable, does not materially alter its substantial pipeline of infrastructure projects.
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 construction, with a focus on sustainable mobility, hydroelectric power, water management and production, and green building. Operating in about 50 countries with around 95,000 people, it has delivered thousands of major projects worldwide, particularly in the water sector, and is listed on the Milan Stock Exchange in the MIB ESG index.
With 120 years of history and a track record spanning railways, metros, roads, bridges, tunnels and more than 300 dams and hydroelectric plants, Webuild reported 2025 revenues of €13.6 billion and a total order backlog of €58.4 billion. Over 95% of its construction backlog is aligned with United Nations Sustainable Development Goals, underscoring its positioning as a key player in sustainable infrastructure globally.
Average Trading Volume: 3,223,372
Technical Sentiment Signal: Hold
Current Market Cap: €2.31B
For a thorough assessment of WBD stock, go to TipRanks’ Stock Analysis page.