Gianpietro Benedetti
Business

Gianpietro Benedetti: Danieli Group’s financial surge, a detailed overview

A substantial increase (+33%) in net profit for the semester, accompanied by rising operating revenues (now at 2.072 billion euros) and equity (2.481 billion euros). These are the results announced by Danieli Group, a global industrial machinery manufacturer chaired by Gianpietro Benedetti, after the Board of Directors’ meeting, which gathered in Buttrio, Italy, and approved the half-yearly financial statement on 7 March 2024.

Danieli Group underscored that the net profit surged by 33%, totaling 98.8 million euros compared to 74.1 million in the corresponding period of 2022. The report also highlighted a robust 10% increase in gross operating margin (reaching 160.6 million from 145.5 million euros) and an 11% uptick in operating revenues (from 1.865 billion to 2.072 billion euros). The Group’s operating profit rose by 6% (from 85 million to 90.4 million euros), while net financial position (from 1.602 billion to 1.666 billion euros; +4%) and equity (from 2.407 billion to 2.481 billion euros, +3%) also witnessed positive growth.

Furthermore, the Group’s order backlog remained geographically and product-line diversified, amounting to 6.034 billion euros. As emphasized by Danieli Group, the workforce expanded by 322 employees, from 9,732 to 10,054. The Group also stressed that, despite a decline in steel production profitability throughout the semester, this setback has been counterbalanced by improvements in the design and provision of Danieli steelmaking facilities, renowned for their pioneering role in green steel production technologies. Moving forward, the Group anticipates no notable deviations in prevailing trends over the next six months, allowing it to reassert its budgetary closing projections for both the current and upcoming year.

Post-meeting, the Group chaired by Gianpietro Benedetti reiterated its “condemnation of all ongoing conflicts, especially the one between Russia and Ukraine, which is causing severe consequences in Europe in terms of destruction, loss of human lives, and economic losses. Danieli Group expresses hope for a swift and fair resolution to bring an end to these conflicts”.

Leave a Reply

Your email address will not be published. Required fields are marked *

20 + 7 =