Danieli Group, a global leader in manufacturing machinery for the metals industry, has concluded the fiscal year 2023/2024 (July 1, 2023 – June 30, 2024) with a net profit of €240.8 million, reflecting a slight decrease of 1%. Revenue increased to €4.3 billion, marking an annual growth of 6%.
As disclosed in an official statement, the EBITDA stood at €391.2 million, down 8% compared to the previous year but largely adequate to support the investments that were made and the substantial R&D expenditures incurred in the year. The financial management outcome was positive, contributing €73 million to the overall performance.
The revenue of Danieli Group’s Plant Making division met the forecasts made at the beginning of the year, achieving an EBITDA of €315.7 million. Conversely, the Steel Making division reported lower revenues than the previous year, with a profitability of €75.5 million in EBITDA, primarily influenced by escalating energy costs.
As announced, the Group’s Board of Directors will propose to the Assembly of Shareholders the distribution of a unit dividend of €0.31 for ordinary shares and €0.3307 for savings shares, aggregating to a total of €11,639,365.71 for ordinary shares and €12,061,015.92 for savings shares. This results in a combined payout of €23,700,381.63 for both share categories, with the dividend detachment date scheduled for November 18, 2024, and payment commencing on November 20, 2024.
