ITALY · SPEZIALTIEFBAU / FOUNDATIONS SPECIALTY

Trevi Group TFI FY24 EUR 663.3 m (+11.5%) backlog EUR 700.9 m + Soletanche Bachy Italia (VINCI DG) + Rodio Cantieri + Webuild + Pizzarotti Foundations, NTC 2018 + D.Lgs. 81/2008.

Italian Spezialtiefbau / foundations specialty workforce against Trevi - Finanziaria Industriale S.p.A. (TreviFin; Borsa Italiana ticker TFI / TFIN; listed Milan since July 1999; FY2024 revenue EUR 663.3 m vs EUR 594.9 m 2023 +11.5%; EBITDA EUR 81.7 m vs EUR 72.3 m; backlog EUR 700.9 m in line with 2023; order intake EUR 605.4 m; NFP EUR 198.9 m improving; 2025 guidance EUR 670-690 m revenue EBITDA EUR 80-90 m; 2028 plan revenue >EUR 730 m EBITDA >EUR 100 m; divisions Trevi — foundations / soil consolidation for subways + dams + ports + bridges + viaducts + rail + motorways + industrial/civil buildings + polluted-site remediation + Soilmec — foundation rigs / soil-engineering equipment), Rodio Cantieri (now part of Soletanche Bachy / VINCI group via Soletanche Freyssinet; Italian foundations heritage; Giovanni Rodio founder), Soletanche Bachy Italia (Italian operations of VINCI sub Soletanche Freyssinet; ~80 subs / 60 countries globally), Webuild Foundations / Salini-Impregilo Foundations (in-house deep-foundation capability for Webuild megaprojects), and Pizzarotti Foundations (in-house capability for Pizzarotti civil/rail works) — Trevi Group ongoing portfolio (subway + dam + port/dock + bridge/viaduct + rail/motorway + polluted-site work across Italy + abroad) + Venezia Station diaphragm walls (Webuild + Vianini Lavori on Rome Metro C; one of Europe's deepest underground stations; deep-foundation showcase) + Messina Strait Bridge deep-foundation pylons (to follow CIPESS/Court-of-Audit resolution — preparatory works queue 2025-26) + Genoa San Giorgio Bridge foundation piles (PERGENOVA 2019-20). D.Lgs. 36/2023 + NTC 2018 (Norme Tecniche per le Costruzioni — Italian structural design code) + Eurocode 7 (geotechnical) national annex + ANSFISA for rail-adjacent works + ARPA regional environmental agencies for site/soil + CCNL Edilizia 2025-2028 + INAIL Settore Costruzioni high-risk classification + D.Lgs. 81/2008 site safety (Testo Unico Sicurezza) + cascade-liability under Codice Civile Art. 1676 + D.Lgs. 276/2003 Art. 29 (critical given long subcontractor chains in deep foundations).

Request Technical Briefing
Trevi FY24 EUR 663.3 m (+11.5%) EBITDA EUR 81.7 m backlog EUR 700.9 m
2028 plan >EUR 730 m EBITDA >EUR 100 m guidance
Soletanche Bachy Italia VINCI sub ~80 subs 60 countries
NTC 2018 + Eurocode 7 NA Italian structural design code

Regulator exposure profile

  • NTC 2018 + Eurocode 7 NA28%
  • D.Lgs. 81/2008 + INAIL26%
  • Codice Civile Art. 1676 + Art. 2924%
  • D.Lgs. 36/2023 + ANSFISA22%

Named projects in this jurisdiction

  • Trevi Group ongoing portfolio (subway + dam + port/dock + bridge/viaduct + rail/motorway + industrial/civil buildings + polluted-site remediation across Italy + abroad; FY24 revenue EUR 663.3 m +11.5%; backlog EUR 700.9 m) Trevi - Finanziaria Industriale TFI
  • Venezia Station diaphragm walls (Webuild + Vianini Lavori on Rome Metro C; one of Europe's deepest underground stations; deep-foundation showcase) Roma Metropolitane + Webuild + Vianini Lavori
  • Messina Strait Bridge deep-foundation pylons (Eurolink/Webuild concessionaire; preparatory works queue 2025-26 contingent on CIPESS August 2025 + Court of Audit 29 October 2025 administrative reconciliation) + Genoa San Giorgio Bridge foundation piles (PERGENOVA 2019-20; opened to traffic 4 August 2020) Eurolink + Webuild + PERGENOVA 2026
  • Trevi - Finanziaria Industriale S.p.A. (TFI Borsa Italiana since July 1999; FY24 EUR 663.3 m +11.5%) + Rodio Cantieri (Soletanche Bachy / VINCI sub) + Soletanche Bachy Italia (VINCI SA Euronext Paris DG) + Webuild Foundations / Salini-Impregilo Foundations + Pizzarotti Foundations Trevi + Rodio + Soletanche Bachy + Webuild + Pizzarotti

Italian foundations: Trevi (TFI; FY24 EUR 663.3 m +11.5% backlog EUR 700.9 m + Soilmec rigs), Soletanche Bachy Italia (VINCI DG), Rodio Cantieri (Soletanche heritage), Webuild Foundations, Pizzarotti Foundations. Venezia Station Metro C diaphragm walls (Europe”s deepest) + Genoa San Giorgio piles (PERGENOVA 2020) + Messina pylons (queue 2025-26 contingent). NTC 2018 + Eurocode 7 IT NA + D.Lgs. 81/2008 + Art. 1676 govern.

01. Pre-pricing — CCNL Edilizia + Cassa Edile + D.Lgs. 81/2008

Foundations workforce under CCNL Edilizia 2025-2028 + Cassa Edile / CNCE. D.Lgs. 81/2008 Testo Unico Sicurezza site safety per worker.

02. A1 + UNI_Distacco_UE + NTC 2018 + Eurocode 7 familiarisation

A1 + UNI_Distacco_UE per posted worker. NTC 2018 + Eurocode 7 Italian NA familiarisation per piling-rig operator + foreman.

03. INPS + INAIL + ANSFISA + ARPA onboarding

INPS social security + INAIL Settore Costruzioni high-risk classification. ANSFISA for rail-adjacent foundations works. ARPA regional environmental compliance for groundwater + soil.

04. INPS + ITSS-defensible evidence pack

Minimum pack: Italy-bank-traceable remuneration, Italian-language contract, A1 receipt, UNI_Distacco_UE receipt, CCNL Edilizia + Cassa Edile reconciliation, NTC 2018 + Eurocode 7 competency per piling-rig operator, Art. 1676 + Art. 29 attestation.

05. India and Gulf sourcing corridors — the Italy foundations pathway

Indian Larsen & Toubro Heavy Civil + Gulf Saudi Binladin / Six Construct deep-foundation pools route through D.Lgs. 36/2023 + NTC 2018 + Eurocode 7 + Cassa Edile + Art. 1676 audit-grade chain-of-custody against Trevi, Soletanche Bachy Italia, Rodio Cantieri, Webuild Foundations, or Pizzarotti Foundations scopes.

Same application, other jurisdictions

Scope your Italy Spezialtiefbau Specialty engagement.

Request a Technical Briefing