Italy's Industrie De Nora books 10% fall in adjusted core earnings

thyssenkrupp nucera AG & Co KgaA

14/02/2024 08:01

Feb 14 (Reuters) - Italian electrode maker Industrie De
Nora  DNR.MI  said on Wednesday that adjusted core earnings for
2023 fell 10% to 171 million euros ($183 million).
    But net profit more than doubled to 230 million euros,
helped by a 133 million euro gain related to the listing of
Thyssenkrupp Nucera  NCH2.DE , its joint venture with Germany's
Thyssenkrupp  TKAG.DE .
    Annual revenue grew 4% at constant exchange rates to 856
million euros, in line with guidance of 850-870 million euros
given in November. That guidance had been revised down from an
earlier estimate.
    



($1 = 0.9337 euros)

 (Reporting by Alberto Chiumento; Editing by Edwina Gibbs)
 ((Alberto.chiumento@thomsonreuters.com))