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Reway Group
Earnings Release • Sep 12, 2024
4545_rns_2024-09-12_e1f8caaf-7d5b-47d9-bb83-d4b55a21b1a7.pdf
Earnings Release
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PRESS RELEASE
REWAY GROUP: order backlog at over 1 billion euros
The milestone achieved thanks to a new 54 million euro order obtained by subsidiary MGA
The works - awarded by ANAS (a company of Gruppo FS Italiane) to an ATI of which MGA is the leader - involve the rehabilitation of tunnels in Lazio and consolidate Reway Group's leadership in Italy in the modernization of road and highway infrastructure
Licciana Nardi (MS), 12 settembre 2024 – Reway Group S.p.A. (EGM: RWY), Italy's largest operator specialized in rehabilitation and maintenance of road and highway infrastructures, as well as the only organization in Italy capable of handling all the activities related to the restoration of bridges, tunnels and viaduct (the "Company" or "Reway Group) announces exceeding 1 billion euros in order backlog, gross of the portion produced so far in the third quarter of 2024, thanks to the award by its subsidiary MGA (Manutenzioni Generali Autostrade), which specializes in the renovation and rehabilitation of tunnels, bridges and highway viaducts, of the tender called by ANAS - a company of Gruppo FS Italiane - regarding the three-year Framework Agreement for the structural rehabilitation of tunnels in road sections in central and southern Italy.
The order, valued at about 54 million euros for MGA, was awarded to an ATI of which Reway Group's subsidiary is the lead partner with a 72% share.
With this new award, Reway Group's work portfolio consists of 33% highway tunnel work, 21% rail work, 14% highway viaduct work, 13% highway safety and anti-sound barriers, 17% other highway maintenance, and 2% civil engineering work.
The order acquired by MGA
Work on the contract acquired by MGA is scheduled to start in the second quarter of 2025, with a total duration of 4 years.
In detail, MGA will be involved in structural rehabilitation of tunnels, with the involvement of about 80 employees including 74 skilled workers and 6 technicians who will use the company's fleet of technologically advanced vehicles and equipment.
The order further consolidates Reway Group's leadership in Italy in the road and highway infrastructure rehabilitation sector and strengthens its position in Central Italy, where the Group is present with two other wholly owned subsidiaries: TLS (Tecnologia Lavori Stradali), which specializes in seismic retrofitting of viaducts, bridges and tunnels, and Gema, among the main operators active in the maintenance of infrastructure and civil works in the railway sector.
Paolo Luccini, President and CEO of Reway Group, commented, "This order has a special value for the Group, which in addition to increasing its presence in Central Italy, which has significantly increased since the acquisition of Gema, exceeds the milestone of one billion euros in backlog. A result achieved thanks to an excellent 2024 that saw Reway Group's subsidiaries awarded more than 323 million euros in work, and with further possibilities for increase by the end of the year."
Reway Group Spa Sede Legale: Piazza Velasca 8, 20122 Milano (MI) Pec: [email protected] Email: [email protected]
Reg. Imprese CCIAA MI 12141620968 Capitale Sociale € 709.202,57 N.REA MI 26-43738 CF 12141620968 P.IVA 12141620968
**** For the dissemination of regulated information, Reway Group makes use of the dissemination system (), managed by Computershare S.p.A. with registered office in Milan, via Lorenzo Mascheroni 19 and authorised by CONSOB.
**** This press release is available on the Company's website https://www.rewaygroup.com/ under Investor Relations - Press Releases and at
**** Reway Group — the Parent Company of the Group of the same name — is Italy's largest operator specialised in rehabilitation and maintenance of road and highway infrastructures, as well as the only organisation in Italy capable of handling all the activities related to the chain of restoration of bridges, tunnels and viaducts, and to also have in its core business the maintenance of the railway network.
Reway Group was formed in December 2021 via the assignment of the shares held by M.G.A. S.r.l., Soteco S.r.l. and TLS S.r.l. — companies operating in Italy in the road and highway infrastructure maintenance and rehabilitation sector, which are currently op erational and 100% controlled by Reway Group. The Group was created to provide its subsidiaries with a unified corporate and managerial structure, in order to best address the evolution of a sector that is markedly expanding and growing, both in Italy and abroad. The Group's subsidiaries also include Gema, a leading player in the maintenance of infrastructure and civil works in the railway sector. To this end, the Company provides services to its subsidiaries, including planning and financial strategy, procurement of Reway Group has a workforce of 500 overall and has a modern fleet with over 300 operating vehicles
Contacts
Reway Group S.p.A. Company | Federico Della Gatta – Investor Relations Manager| ir@rewaygroup.com Integrae SIM S.p.A.| T +39 02 96846864
Euronext Growth Advisor & Specialist | [email protected] | Piazza Castello 24 - 20121 Milano
Barabino & Partners – Media e Investor Relations
Stefania Bassi E-mail: s.bassi@barabino.it mob: +39 335 6282667
Jacopo Pedemonte E-mail: j.pedemonte@barabino.it mob: +39 347 0691764
Elena Magni E-mail: e.magni@barabino.it mob: +39 348 4787490
Pec: [email protected] Email: [email protected]
Reg. Imprese CCIAA MI 12141620968 Capitale Sociale € 709.202,57 N.REA MI 26-43738 CF 12141620968 P.IVA 12141620968