Danieli & C Officine Meccaniche (DAN) H2 2025 earnings summary

Executive summary

• Revenue for FY 2024/25 was €4,200 million, down 3% year-over-year, with EBITDA up 12% to €437.8 million and net income attributable to the Group at €220.1 million, down 9%.

• The Group maintained a strong net financial position of €1,971.4 million and an order backlog of €5,384 million.

• The year was marked by solid performance in Plant Making, while Steel Making faced margin pressure due to high energy costs and market volatility.

• The Group continued to invest in innovation, sustainability, and digitalization, with significant CAPEX in new green technologies and circular economy initiatives.

Financial highlights

• Revenue: €4,200 million (-3% YoY); EBITDA: €437.8 million (+12% YoY); EBIT: €303.1 million (+37% YoY).

• Net income attributable to the Group: €220.1 million (-9% YoY); Net cash: €1,971.4 million (+€263.7 million YoY).

• Order backlog: €5,384 million; Investments in tangible and intangible assets: €188.2 million.

• Dividend proposal: €0.31 per ordinary share, €0.3307 per savings share.

Outlook and guidance

• FY 2025/26 guidance: revenue €4.2–4.3 billion, EBITDA €430–450 million, stable net financial position at €2.0 billion, order backlog €5.7–6.0 billion.

• Market expected to stabilize in 2026, with improved demand, especially in Asia and emerging markets.

• Continued focus on decarbonization, digitalization, and expansion in high-growth regions.