Italian Danieli Group, one of the world’s largest suppliers of plants and equipment for steel industry announced that its net profits totaled €77.5 million in the first six months of fiscal year 2012/13 ended on December 31st, 2012, falling by 20% year on year.
In the given period of time, the company realized consolidated sales revenues of €1.295 billion, decreasing by 15% year on year.
The sales revenues gained by the company’s steelmaking division Acciaierie Bertoli Safau (ABS) slumped by 39% year on year, caused by dropped demand for special steel in Europe and Italy.
However, the group’s EBITDA and EBIT increased by 9% and 14% to €151.2 million and€108.9 million respectively in the given period of time.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63263&division=A6
