Reway Group SpA ( (IT:RWY) ) just unveiled an update.
Reway Group’s subsidiary, Gema, has secured a significant contract worth 97 million Euros for extraordinary maintenance work in the railway sector, awarded by Rete Ferroviaria Italiana. This contract, which covers maintenance on routes in Ancona, Palermo, and Rome, will commence in the first half of 2025 and is expected to last two years. This new contract increases Reway Group’s order backlog to 1.338 billion Euros, highlighting its strong position in the infrastructure maintenance industry and its strategic focus on expanding its railway sector operations.
More about Reway Group SpA
Reway Group S.p.A. is the largest Italian operator specializing in the rehabilitation and maintenance of road and highway infrastructure. It is the only company in Italy with a core business that includes railway network maintenance. Established in December 2021, Reway Group was formed from the merger of M.G.A. S.r.l., Soteco S.r.l., and TLS S.r.l. to provide a unified corporate structure in the expanding infrastructure sector. The company oversees the restoration of bridges, tunnels, and viaducts and employs over 500 staff with a fleet of more than 300 vehicles.
YTD Price Performance: 7.03%
Average Trading Volume: 14,860
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €253.6M
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