Danieli & C Officine Meccaniche (DAN) H2 2026 earnings summary

Executive summary

• Revenues for the year ended June 30, 2026, were €3,833.5M, down 9% year-over-year, mainly due to a shift to higher-margin but lower-volume projects in Plant Making.

• Net profit attributable to the Group rose 4% to €230.4M, with EBITDA stable at €438.9M.

• The order book reached €6,038M, up from €5,384M, reflecting strong demand for green steel technologies.

• The Group maintained high liquidity and a robust net financial position, supporting ongoing investments in R&D and sustainability.

Financial highlights

• Revenues: €3,833.5M (down 9% year-over-year).

• EBITDA: €438.9M (flat year-over-year).

• Operating income: €220.8M (down 27% year-over-year).

• Net profit: €230.4M (up 4% year-over-year).

• Adjusted net financial position: €1,019.7M (up 48% year-over-year).

• Total shareholders' equity: €2,973.8M (up 8% year-over-year).

Outlook and guidance

• Revenue guidance for FY 2026/27: €3,900–4,200M.

• EBITDA guidance: €430–450M.

• Net cash (adjusted): €1,000–1,100M.

• Order book expected to remain strong at €5,800–6,000M.

• Net profit expected to be stable or higher in FY 2026/27.