Italian plantmaker Danieli closed the financial year ended June 30 with a net profit of €192.5 million, down four percent compared to the previous financial year. In the same period, revenues have increased by 21 percent to €3.13 billion, while EBITDA rose 32 percent to €386.1 million. The company board has decided to propose to the shareholders' meeting the distribution of a dividend of €0.33 for ordinary shares and €0.3507 for preferred shares.
In the company statement, Danieli said that its budget this year suffers from the difficult socio-political situation in the Middle East and North Africa, as well as from the readjustment of the economy in the United States and Europe. "The current volatility in the steel market will probably be a constant factor in the coming years," reads Danieli's statement