The half-yearly balance sheet of Danieli Group has recently been approved by the board of directors, showing a net profit of 98.8 million euros, grown by 33 percent compared to the 74.1 million of 2022.
Among the main steel giants worldwide, the company led by CEO Giacomo Mareschi Danieli has seen an 11 percent growth in operating revenues, which went from 1.865 billion to 2.072 billion, and a 10 percent increase in gross operating margin, going from 145.5 to 160.6 million euros. The operating results also increased by 6 percent (from 85 to 90.4 million), the net financial position earned 4 percentage points as well as the equity, which went from 2.407 billion to 2.481 billion euros, with a three percent increase.
Thanks also to Giacomo Mareschi Danieli leadership, Danieli Group’s order book is well diversified in terms of both geographical area and product line, amounting to the remarkable sum of 6.034 billion euros. Even the number of employees increased, going from 9.732 to 10.0154.
As highlighted by the Group, during the semester there was a drop in profitability in steel production and an improvement in the design and supply of Danieli steel plants, considered to be “front runners” when it comes to technologies for the production of green steel. The company claimed that there shouldn’t be significant changes in the current trends in the following six months, which would allow Danieli Group to confirm the balance forecast for both this year and the next.
In the statement released at the end of the board of directors meeting, the Group led by Giacomo Mareschi Danieli also explicitly condemned “all ongoing conflicts, in particular the one between Russia and Ukraine which is having serious consequences in Europe in terms of destruction, loss of human lives and economic losses”, hoping they “will end as soon as possible with a fair and just resolution”.