(Telestock) – Reway Groupa group listed on Euronext Growth Milan and specialized in the maintenance and redevelopment of road and motorway infrastructures, has announced that the Production value amounted to 117.3 million euros in the first half of 2024, up 42.3% compared to 82.4 million at 30 June 2023 pro-forma. The significant growth in volumes of the newly acquired Gema is highlighted, which closed the first half with a production value of 47.8 million (+72.4% on the previous year).
L’Net Financial Debt (IFN) amounted to 67 million euros, up from 34.6 million at 31 December 2023 and 38.4 million at 31 March 2024. This trend is linked to the costs incurred for the acquisition of 30% of Gema, finalized in April 2024, an operation that took place through a bank loan with a total value of 27 million, and to the partial payment of the earnout connected to the acquisition operation equivalent to 6.7 million at 30 June 2024.
The Backlog stands at 913.3 million euros (approximately 935 million at 31 March 2024, approximately 500.5 million at 30 June 2023), linked to 48.2 million new orders acquired and over 70 million works carried out in the second quarter of 2024, confirming also for the first half of the year the Reway Group’s leadership position in the redevelopment of road, motorway and railway infrastructures. The Backlog at 30 June 2024 will produce effects for the next 5 financial years.
“We are closing the first half of 2024 with satisfaction, for which we are communicating the preliminary data, recording considerable growth in the value of production, almost doubled compared to the first half of 2023 – commented theCEO Paolo Luccini – In these first six months of the year, Reway Group has further consolidated its position as a reference operator in Italy, thanks to the awarding of some important contracts for the rehabilitation and modernization of roads, motorways and railways”.