{"id":24816,"date":"2024-05-17T09:18:56","date_gmt":"2024-05-17T07:18:56","guid":{"rendered":"https:\/\/integrae.it\/?p=24816"},"modified":"2024-05-22T09:13:06","modified_gmt":"2024-05-22T07:13:06","slug":"breaking-news-17-04-2024","status":"publish","type":"post","link":"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2024\/","title":{"rendered":"BREAKING NEWS &#8211; 17.05.2024"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><tbody><tr><td>In the press release of May 15, 2024, Reway Group SpA &#8211; a leading Italian company in road and highway infrastructure renovation and since 2023 in rail network maintenance, shared its consolidated financial results as of the first quarter of 2024, although unaudited. It should be noted that as of March 31, the option to acquire the remaining 30.0 % of Gema had not yet been exercised, so the results refer to the Reway Group, which comprises only 70.0% of it.<br><br>The Company, after closing 2023 with strong growth compared to the previous year, also thanks to the new acquisition, recorded \u20ac 47.20 million in consolidated revenues, of which \u20ac 29.20 million (61.9%) pertained to the historical business of road infrastructure maintenance and renovation and \u20ac 14.30 million (38.1%) deriving from Gema\u2019s business, related to the railway maintenance sphere. NFP data were also released, which in the period stood at \u20ac 38.40 million, up from the \u20ac 34.6 million recorded as of 31\/12\/2023 following the use of project financing of works that will produce economic effects during 2024.&nbsp;<br><br>In the first months of the year, the Group also continued to acquire new contracts: worth mentioning is the acquisition, by MGA, of a contract for the design and construction of a tunnel along the Amatrice-Montereale-L\u2019Aquila ridge, the first involving the Group in the construction of new infrastructure, and another contract for the renovation of viaducts in Central Italy. Gema, on the other hand, obtained works in the railway sector, referring to four framework agreements awarded by RFI in ATI with different partners.&nbsp;<br><br>The new orders further consolidate Reway Group\u2019s position as a leading operator in the road, highway and rail infrastructure maintenance and renovation sector and strengthen the overall order backlog, which reaches a record value of approximately \u20ac 935.00 million, to be realized in the next 5 fiscal years.&nbsp;<br><br>Conseidering the quarterly results, we confirm our recommendation: <strong>target price is \u20ac 8.30, BUY rating and MEDIUM risk.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>In the press release of May 15, 2024, Reway Group SpA &#8211; a leading Italian company in road and highway infrastructure renovation and since 2023 in rail network maintenance, shared its consolidated financial results<\/p>\n","protected":false},"author":5,"featured_media":15384,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-ricerche.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[240,252],"tags":[280],"class_list":["post-24816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","category-breaking-news-en","tag-reway-group-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BREAKING NEWS - 17.05.2024 - integrae.it \u2013 Financial Boutique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/integrae.it\/en\/research\/breaking-news-17-04-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BREAKING NEWS - 17.05.2024 - integrae.it \u2013 Financial Boutique\" \/>\n<meta property=\"og:description\" content=\"In the press release of May 15, 2024, Reway Group SpA &#8211; 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