(Alliance News) - Nocivelli ABP Spa announced Monday that it has upgraded the backlog to date to EUR800 million, with a maximum duration to 2033.

To date, about EUR300 million of this relates to the execution of works and the provision of services planned for the next three fiscal years.

Making up the order backlog, which stood at about EUR650 million at the end of March, are both the acquisition of new contracts and the extension with renegotiation of existing contracts, which ensure long-term value generation even in the presence of uncertain external economic and geopolitical factors.

Bruno Nocivelli, president of Nocivelli ABP, said, "Securing national infrastructure must be a top priority. Safe and energy-efficient buildings are a pillar from which to start in order to improve Italy's real estate stock and, consequently, also the country's competitiveness."

Nicola Turra, managing director of the company, commented, "To date, being able to announce a further increase in the order book represents great satisfaction for Nocivelli ABP. The business model and the strategic positioning allow us to carry on our business with great stability over a particularly extended time horizon, thanks to the long term contracts, but above all it allows us to take advantage of the regulatory tools that legislation offers us today, one example being the PNRR."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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