Danieli targets 500 mln euros EBITDA in 3-4 years, warns over geopolitics

Danieli & C Officine Meccaniche SpA

20/10/2023 17:51

Oct 20 (Reuters) - Italian steelmaker Danieli  DANI.MI 
aims to reach a core profit of 500 million euros ($529.30
million) in the next three-four years despite uncertainties
surrounding current geopolitical tensions, its executives said
on Friday.
    "There is uncertainty because of possible changes in
geopolitics, and therefore in the international markets, but our
outlook remains positive", Danieli's Chairman Giampiero
Benedetti said in a post-results presentation. 
    The group sees revenue reaching 5 billion euros in the next
three-four years, vice chairman Alessandro Brussi said.
    Danieli posted earnings before interest, taxes, depreciation
and amortisation (EBITDA) of 423.9 million euros and revenues of
4.1 billion euros, up 14% year-on-year, in the fiscal year ended
in June.

($1 = 0.9447 euros)

 (Reporting by Romolo Tosiani, Alberto Chiumento; editing by
Gavin Jones)
 ((Romolo.Tosiani@tr.com;))