On October 22, Italian plantmaker Danieli Group announced that in the financial year 2010-2011 (ended June 30) its sales revenues rose by 21 percent to €3.128 billion, while its EBITDA increased by 32 percent to €386.1 million, both year on year. Danieli's net profit, however, fell by four percent year on year to €192.5 million.
According to the company statement, the financial results were affected by the socio-political situation in the Middle East and North Africa (MENA) area and the readjustment of European and US economies. On June 30, Danieli's order portfolio reached €3.387 billion.
Danieli Group, based in Buttrio, Udine, Italy, is a world leader in the field of automation process for the metals industry. Its subsidiaries include Acciaierie Bertoli Safau, one of the European leaders in the production of special steels for the automotive, mechanical engineering and energy & oil industries.