PRESS RELEASE
Nocivelli ABP wins €400 million to build and manage Novara's "Città della Salute e della Scienza"The project, a temporary consortium (RTI) with the SIS Consortium, has a total duration of 30 years: total revenues of €1.2 billion for the entire period.
Castegnato (Brescia), July 24, 2025 - A.B.P. Nocivelli S.p.A., a leading ESCo company operating in the Public-Private Partnership sector for healthcare and hospital infrastructure, listed on Euronext Growth Milan (ISIN Code IT0005439861, Ticker ABP:IM), announces the awarding of the tender for the construction and management of the "Città della Salute e della Scienza" in Novara to the Temporary Consortium of Companies (RTI) composed of the Consorzio Stabile SIS S.c.p.A. and A.B.P. Nocivelli S.p.A.
The PPP (Public Private Partnership) contract will last 30 years, including 5 years of construction and plant engineering, followed by 25 years of management of related services. The total expected revenue for the entire concession term (30 years) is €1.2 billion, including financial costs and works and services under the responsibility of both Consorzio Stabile S.c.p.A. and Nocivelli ABP.
Nocivelli ABP's share is approximately €400 million, consisting of approximately €200 million for the construction of the works in the first five years, and another approximately
€200 million over the following 25 years for facility management services.
The €520 million investment for the project includes the construction of the new Novara hospital complex, which will have more than 700 beds, a 325,000-square-meter facility, and a major university campus with classrooms and a conference center. It will become one of the five healthcare hubs in the region, along with the Turin Health Park, the contract for which was awarded to Nocivelli and the SIS Consortium last October 2024.This is a strategically important transaction for Nocivelli ABP, destined to significantly impact the Company's order book, which will increase from an estimated €1.5 billion as of the half-year ended December 31, 2024, to a staggering €1.9 billion.
Nicola Turra, CEO of A.B.P. Nocivelli S.p.A., commented: "This award represents a crucial step in Nocivelli's growth, both in terms of revenue and the strategic value of the project. Following the award of the Turin Health Park, our participation in the construction of the Novara Città della Salute e della Scienza confirms our leadership among private operators in the hospital sector and the central role our Group is playing in major public-private partnership projects. These are complex projects with a high impact on healthcare, social services, and urban planning, requiring industrial vision, financial strength, and execution capabilities."
Bruno Nocivelli, President of A.B.P. Nocivelli S.p.A., commented: "Our mission is to contribute to the improvement of the Country's strategic infrastructure by putting industrial expertise at the service of the community. Winning a project like the Novara Città della
Salute e della Scienza is not just a corporate achievement, but a concrete commitment to citizens, the local communities, and the future of our healthcare system. The development model we believe in generates lasting, accessible, and sustainable value.".
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This press release is available on the Company's website at https://www.abpnocivelli.com, in the "Investor Relations/Press Releases" section, and on https://www.1info.it.
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The Nocivelli ABP Group was founded in Castegnato (Brescia) in 1963 and initially traded in petroleum products and lubricants. In 1988 it diversified into the construction of technological, mechanical and electrical systems, in addition to civil and industrial construction and Facility Management. The Nocivelli Group comprises the parent company ABP Nocivelli S.p.A. and the wholly-owned subsidiary RPP srl Run Power Plants, acquired in 2016, specialising in the design, manufacture, supply, installation and maintenance of LED lighting. The Group is headquartered in Castegnato (BS) and has operations in Brescia, Chieti Scalo and Ponderano (Biella). RPP is based in Castenedolo (BS). Bruno Nocivelli is the Chairperson of the Board of Directors, while Nicola Turra serves as Chief Executive Officer. The Group's Value of Production in H1 24-25 was Euro 42.1 million, with EBITDA of Euro 9.8 million and a net profit of Euro 6.7 million.
Contacts ABP Nocivelli S.p.A. Investor Relations ManagerStrada Padana Superiore Alessandra Perego
n. 67 25045 Castegnato (BS) Tel: + 39 030 2142011 https://www.abpnocivelli.com Email: investor.relations@abpnocivelli.com
IR & Media Relations Advisors TWINEmail: nocivelli-spa@twin.services Mara Di Giorgio | Tel: +39 3357737417
Federico Bagatella | Tel: +39 3318007258
Euronext Growth Advisor Banca Mediolanum SpA Tel. 02.9049.2525
Email: ecm@mediolanum.it