CEO Giacomo Mareschi Danieli highlights remarkable growth at Danieli Group for 2022-2023
Danieli Group continues to report highly positive results, as highlighted by the approved financial statement for the fiscal year June 30, 2022, to June 30, 2023. Operating revenues increased by 13%, reaching 4.1 billion, while the gross operating margin saw an 18% rise to 423.9 million euros. Additionally, the net income rose by 11%, reaching 243.6 million euros. This growth also influenced a 7% increase in the number of employees, totaling 9,732 as of the end of June 2023. The outlook for the future is encouraging: a portfolio of 6.2 billion euros in orders and a cash reserve of 1.6 billion, supplemented by a 200-million-euro loan from Cassa Depositi e Prestiti to support investments in the Steel Making division.
This positive outlook for the future of the Group, especially for the Plant Making division, is driven by the process of decarbonization, a trend increasingly pronounced in Europe and gaining importance in various other parts of the world, such as the United States, China, and India. The Group’s commitment in this regard has already had a positive impact on its balance sheet. As CEO Giacomo Mareschi Danieli explained, “revenues for electric furnaces destined for steel mills reached a billion euros in the approved financial statement. An extraordinary result with future potential, precisely because it is linked to the ongoing decarbonization”.
Over the past three years, the Plant Making lines have delivered notable results, surpassing production with consistent sales. This achievement has played a pivotal role in fortifying the financial stability of the Group. Additionally, sales have reached global markets, especially in the United States, China, and India. Despite forecasts indicating an overall 3-4% decline in steel production in 2023, India and the Middle East show growth in production. Meanwhile, “to remain significant in Italy, as we have remained, we had to open up abroad: we export 95% of our production”, CEO Giacomo Mareschi Danieli emphasized.
Regarding the future, Danieli Group is focused on planned investments in the Steel Making division, closely tied to decarbonization and the development of an integrated supply chain. This division specializes in special steels and has a cutting-edge research center in France. Overall, the Group has invested 250 million euros in research and development in the last ten years, focusing on technology to reduce production costs and, simultaneously, CO2 emissions.