Danieli Group’s 2023/2024 annual financial report

The Board of Directors of Danieli Group has approved the 2023/2024 annual and consolidated financial reports, covering the period from July 1, 2023, to June 30, 2024.

The Group, a global leader in industrial machinery manufacturing, posted a net profit of €240.8 million and an EBITDA of €391.2 million, slightly down from the previous year. Despite this decrease, profitability remains solid, enabling the company to continue investing in research and development projects. Specifically, the Plant Making division has been a key driver of the Group’s growth, contributing an EBITDA of €315.7 million, thanks to its expertise in constructing production plants for the metals industry. The company’s advanced technologies, including Digimelter and Direct Rolling, have gained strong traction in the international market by enhancing cost efficiency while substantially cutting CO2 emissions.

Despite the Steel Making division seeing an increase in special steel output, with 1.3 million tons sold, profitability was hampered by higher energy costs in Italy. However, Danieli Group expects the situation to improve by 2024/2025, focusing on better productivity and new investments in rolling mills. For the upcoming fiscal year, revenue is projected to range between €4 and €4.2 billion, with an EBITDA forecast of €380 to €420 million.

Looking ahead, Danieli Group is determined to further its commitment to sustainability. By prioritizing innovation and eco-friendly initiatives, the company strengthens its role as a technologically forward-thinking leader in the metallurgical sector. As part of its long-term strategy, it plans to transition away from coal, embracing advanced solutions like hydrogen and renewable energy to align with COP28’s goals for reducing CO2 emissions.