(Finance) – The board of directors of Danielia company listed on Euronext Milan and active in the production of machinery and plants for the steel industry, has examined and approved the consolidated half-yearly financial report at 31 December 2021. It closed the first half at the end of December 2021 with a Net income up 323% to 59.7 million euros compared to the same period of 2020, on operating revenues of 1,568.3 million euros, an increase of 23% compared to the same period of the previous year. L’EBITDA increased by 22% compared to the same period last year, driven by the Steel Making sector which benefited from high prices and volumes despite having suffered from a marginality compromised at the end of the year by the tripled cost of energy factors and with a Plant Making sector with satisfactory margins .
Military intervention in Ukraine generated “a persistent increase in costs in energy factors“which could negatively impact the ABS Steel Making result if confirmed over time, while for the Danieli Plant Making sector there are currently no significant projects in Ukraine and remain you only have some projects with Russian clients (for a value of approximately 1.7% of the group’s order book as at 31 December 2021) albeit with slowdowns deriving from the financial restrictions placed on Russian banks.
The Italian company has also communicated that the technical offices in Dnepropetrovsk are currently closed and Danieli provided for the transport and reception in Italy of the families of our Ukrainian colleagues who had partly remained in the country following their enlistment by government order.
Danieli, to date, believes prudent to review economic guidance for 2021/2022 presented in October 2021 for the Plant Making sector with a reduction in turnover and margins of 10% while for ABS Steel Making the turnover could be higher than initially expected, albeit with a marginality in a lower proportion of 10-15% due to the effect of the volatility of the costs of the production and energy factors used.