Danieli&C. disclosed the financial results for the 2020/2021 financial year (the company closes the financial statements on 30 June) with operating revenues for € 2.78 billion, down by 1% compared to the € 2.8 billion obtained in the previous year. The management reported a lower turnover in the plant sector (Plant Making) and in good growth in the steel sector (Steel Making), which showed higher production volumes compared to 2019/2020 although penalized by the partial stop in the ABS Sisak plants following of the earthquake in Croatia and the costs of closing the activities of the ESW pipe factory in Germany. On the other hand, the gross operating margin (+ 33%), which rose to 187.7 million to 250.2 million euros. L’Net income it increased by 28%, from 62.9 million to 80.2 million euros.
At the end of June 2021 the order book it amounted to 3.53 billion euros (of which 622 million euros in the sector of the production of special steels), compared to 2.94 billion at the beginning of the year. Also at the end of June 2021 the net financial position it was positive for one billion euros, an improvement on the 903.2 million at the beginning of the year.
The top management of Danieli & C. reported that the economic recovery driven by the containment of the pandemic effects of COVID-19 has generated a positive effect on the demand for plants which is estimated to remain for the next two or three years.
The top management of Danieli & C. proposed the distribution of a dividend of € 0.17 for ordinary shares and € 0.1907 for i savings securities, for an amount of 13.35 million euros. The coupon will be detached on November 22, 2021 and paid out on November 24.
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