Italian group Danieli, which operates in the plantmaking field and also in special steel production through its subsidiary Acciaierie Bertoli Safau, has issued its financial results for the first six months of the fiscal year 2012-13 which ended on December 31.
Accordingly, in the given six months Danieli’s consolidated sales revenues fell 15 percent to €1.295 billion, while its net profit decreased by 20 percent to €77.5 million, both year on year. Due to the collapse of special steel demand recorded in Europe and particularly in Italy, the sales revenues of Danieli’s steelmaking division Acciaierie Bertoli Safau (ABS) decreased by 39 percent year on year. Meanwhile, Daniel highlighted that, thanks to quite wide profit margins, ABS still managed to record a small profit for the period. On the other hand, the revenues generated by Danieli’s plantmaking activities in H1 FY 2012-13 declined by five percent year on year.
Returning to the consolidated figures, in the half year in question Danieli showed an improved financial perfomance both according to the EBITDA and EBIT figures, respectively up nine percent to €151.2 million and up 14 percent to €108.9 million, both year on year.
On December 31, 2012, Danieli’s order backlog amounted to €3.297 billion (of which €149 million was linked to its special steel production) compared to €3.225 billion on June 30, 2012 (of which special steel production accounted for €173 million).
