Giacomo Mareschi Danieli, CEO of Danieli & C. Officine Meccaniche S.p.A., has overseen another year of resilient growth and strategic investments in sustainable technology. The company’s annual report, covering the fiscal year from July 2023 to June 2024, underscores its commitment to pioneering green innovations within the steelmaking industry.

Danieli Group reported a net profit of €240.8 million and an EBITDA of €391.2 million. While EBITDA saw a slight decline compared to the previous year, profitability remained strong, empowering the company to continue its focus on significant research, development, and sustainable technology initiatives.

The Plant Making division remains the primary growth driver, achieving an EBITDA of €315.7 million. Key innovations, including the Direct Rolling and Digimelter technologies, have made notable strides in reducing CO₂ emissions, offering efficient cost solutions, and enhancing the Group’s competitiveness globally. These advanced technologies not only position the company as an industry leader in sustainable metal production but also support a larger goal of reducing environmental impact.

The Steel Making division, responsible for producing specialized steel, achieved 1.3 million tons in sales. However, profitability faced challenges due to rising energy costs in Italy. Despite this, Danieli Group expects a potential increase in performance in the coming fiscal year, with expected improvements in production efficiency and further investments in rolling mills.

Under Giacomo Mareschi Danieli’s leadership, the company is steadfast in its commitment to sustainable production. In alignment with global climate initiatives, such as the COP28 objectives, Danieli Group is investing in hydrogen-based technologies and renewable energy sources to achieve significant CO₂ reductions.

Looking ahead, the Group has forecasted revenues between €4,000 and €4,200 million for the next fiscal year, with an expected EBITDA range between €380 and €420 million.