Giacomo Mareschi Danieli guides Danieli Group through yet another year of flourishing outcomes, as evidenced by the positive financial report spanning from June 30, 2022, to June 30, 2023. The CEO’s guidance remains crucial for the enduring success of the Group. His commitment to sustainable and cutting-edge solutions has not only elevated the Group to new heights but has also played a significant role in shaping the future landscape of the metal industry.
Giacomo Mareschi Danieli: Danieli Group’s results and the ongoing decarbonization
Danieli Group, a leading global industrial machinery manufacturer headed by CEO Giacomo Mareschi Danieli, continues to deliver highly positive outcomes, as evidenced by the approved financial statement spanning from June 30, 2022, to June 30, 2023. Notably, operational revenues surged by 13%, totaling 4.1 billion, with a concurrent 18% increase in the gross operating margin, reaching 423.9 million euros. Moreover, the net income experienced an 11% upswing, achieving 243.6 million euros. This robust growth also contributed to a 7% augmentation in the workforce, culminating in a total of 9,732 employees by the close of June 2023. The Group’s future prospects are optimistic, marked by a substantial order portfolio of 6.2 billion euros and a cash reserve of 1.6 billion, further fortified by a 200-million-euro loan from Cassa Depositi e Prestiti earmarked to bolster investments in the Steel Making division. This positive trajectory for the Group’s future, particularly in the Plant Making division, is underpinned by the ongoing process of decarbonization, a trend gaining momentum in Europe and extending its significance globally. Danieli Group’s commitment in this direction has already yielded favorable results for its financial health. According to insights from CEO Giacomo Mareschi Danieli, “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”.
Giacomo Mareschi Danieli’s emphasis on innovation and environmental responsibility
As Giacomo Mareschi Danieli emphasized, in the preceding three years, the Group’s Plant Making lines have not only met but exceeded production targets, consistently achieving robust sales. This accomplishment stands as a cornerstone in bolstering the financial solidity of the Group. Furthermore, sales outreach has expanded to encompass global markets, with notable presence in the United States, China, and India. Despite projections indicating an overall 3-4% dip in steel production for 2023, the sectors of India and the Middle East exhibit a positive growth trend. CEO Giacomo Mareschi Danieli underscored the strategy, stating, “to remain significant in Italy, as we have remained, we had to open up abroad: we export 95% of our production”. Looking ahead, Danieli Group directs investments into the Steel Making division, intimately linked to decarbonization initiatives and the establishment of a cohesive integrated supply chain. This specialized division is at the forefront of producing special steels and houses an avant-garde research center based in France. Cumulatively, the Group has allocated 250 million euros towards research and development in the past decade, emphasizing technological advancements aimed at reducing production costs and concurrently CO2 emissions. The CEO’s outlook on sustainability and innovation threads through the fabric of these initiatives, aligning with the Group’s commitment to pioneering advancements. His emphasis on innovation and environmental responsibility marks a strategic fusion of growth and sustainability, positioning Danieli Group as a dynamic force shaping the future landscape of industrial innovation.
