Brescia headquartered Italian holding company owned by the Lonati & Stabiumi families Siderurgica Investimenti’s Italy's market leader in rebar Alfa Acciai has reported a consolidated net profit of EUR 30 million in 2021, exceeding the pre-pandemic year. Alfa Acciai said “The year ended 31 December saw a marked expansion in the consumption of steel and its derivatives at European level and in Italy. The Siderurgica Investimenti Group was able to take advantage of the situation, confirming its position as one of the leading players in the industry. By leveraging volumes, price, and efficiency in a year characterized by a continuous rise in raw material prices, especially scrap, electricity, and gas, the group succeeded in achieving reasonable margins.”Steel production was just 1.8 million tonnes, up sharply by 20% from 2020, which was obviously affected by the first wave of the COVID19 pandemic and higher by 3% than in 2019.Revenues increased by about EUR 560 million up 80% compared to 2020 to EUR 1.256 billion. The export share was 40%.EBITDA amounted to EUR 65 million, twice as high as in the pre-pandemic year 2019.The investment plan continued as scheduled, with a focus on facility upgrades, energy efficiency, environment, and safety, amounting to EUR 34 million, an increase of 9% compared to the previous year.The Shareholders' Meeting, convened under the chairmanship of Mr Ettore Lonati, approved the new management structure of Alfa Acciai. After 13 years of fruitful cooperation, which began at the height of the industry crisis in 2008/09 and ended in the current positive cycle, Mr Giuseppe Cavalli, in agreement with the company, decided to leave the Group to pursue different paths in his future. Mr Giacomo Disarò replaces him on the Board of Directors. Mr Disarò brings with him twenty years of experience in the steel industry in multinational companies, working both in Italy and abroad.
Brescia headquartered Italian holding company owned by the Lonati & Stabiumi families Siderurgica Investimenti’s Italy's market leader in rebar Alfa Acciai has reported a consolidated net profit of EUR 30 million in 2021, exceeding the pre-pandemic year. Alfa Acciai said “The year ended 31 December saw a marked expansion in the consumption of steel and its derivatives at European level and in Italy. The Siderurgica Investimenti Group was able to take advantage of the situation, confirming its position as one of the leading players in the industry. By leveraging volumes, price, and efficiency in a year characterized by a continuous rise in raw material prices, especially scrap, electricity, and gas, the group succeeded in achieving reasonable margins.”Steel production was just 1.8 million tonnes, up sharply by 20% from 2020, which was obviously affected by the first wave of the COVID19 pandemic and higher by 3% than in 2019.Revenues increased by about EUR 560 million up 80% compared to 2020 to EUR 1.256 billion. The export share was 40%.EBITDA amounted to EUR 65 million, twice as high as in the pre-pandemic year 2019.The investment plan continued as scheduled, with a focus on facility upgrades, energy efficiency, environment, and safety, amounting to EUR 34 million, an increase of 9% compared to the previous year.The Shareholders' Meeting, convened under the chairmanship of Mr Ettore Lonati, approved the new management structure of Alfa Acciai. After 13 years of fruitful cooperation, which began at the height of the industry crisis in 2008/09 and ended in the current positive cycle, Mr Giuseppe Cavalli, in agreement with the company, decided to leave the Group to pursue different paths in his future. Mr Giacomo Disarò replaces him on the Board of Directors. Mr Disarò brings with him twenty years of experience in the steel industry in multinational companies, working both in Italy and abroad.
