Danieli & C Officine Meccaniche (DAN) investor relations material

Executive summary

• Net profit attributable to the Group rose 5% year-over-year to €130.9 million, despite a 16% decline in revenues to €1,686.8 million, driven by a highly profitable product mix in Plant Making and improved Steel Making margins.

• EBITDA increased 17% year-over-year to €191.2 million, with both Plant Making and Steel Making contributing positively.

• Operating income grew 21% year-over-year to €131.5 million, reflecting operational efficiency and cost control.

• The order book reached €5,967 million, up from €5,384 million at June 2025, supporting future revenue visibility.

Financial highlights

• Revenues decreased 16% year-over-year to €1,686.8 million, mainly due to several orders in early production phases.

• EBITDA margin improved to 11.3% from 8.2% year-over-year.

• Net profit margin increased to 7.8% from 6.3% year-over-year.

• Net invested capital fell 46% year-over-year to €613.2 million, mainly due to reduced working capital.

• Adjusted net financial position improved to €929.0 million from €672.9 million year-over-year.

Outlook and guidance

• Steel Making margins are expected to improve further in the second half of 2025/2026, supported by lower energy costs and favorable CO2 quota remuneration.

• The Group expects to confirm its full-year 2025/2026 forecasts, with potential for revenue and margin growth in 2026/2027 due to a strong order book.

• No uncovered risks are anticipated from operations in markets under international sanctions; compliance is closely monitored.