Italy-based Danieli Group, a market leader in plantmaking in the metal industries, has announced its financial results achieved in the first half (July-December) of the fiscal year 2011-12.
In the given six months, Danieli Group's sales revenue increased by nine percent to €1.53 billion, its EBITDA dipped by eight percent to €173.3 million and its net profit surged by 16 percent to €97.4 million, all on year-on-year basis.
According to Danieli, the group's order backlog is diversified both on geographical basis and on product basis, although it has suffered from the current economic climate. On December 31, 2011, Danieli's overall order backlog amounted to €3.05 billion, down 9.8 percent, with €264 million in special steel, down 30.5 percent, both compared to six months before.