(Finance) – “We know these valuations, but we’ve always had a sturdy case. The business is such that it requires important protections and adequate bank guarantees”. He said Giacomo Mareschi Danieli, CEO of the group Danielsregarding analysts’ opinions on the very high positive net cash flow, indicated in the last half-yearly report at 1.7 billion euros.
“That said, it is clear that some cash could be invested. We are thinking about how to do it efficiently,” he said in an interview with L’Economia de Il Corriere della Sera.
Confirmation of a cautious line also emerges with a question on payout policies: “Danieli has always distributed few dividends. About 90% goes to reserve. We believe it is useful to confirm these choices for the benefit of sustained industrial growth”.