Despite COVID19, Feralpi Group Reports Positive Results for 2020
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Despite COVID19, Feralpi Group Reports Positive Results for 2020

Lonato del Garda Brescia based Italy’s Feralpi Group has reported a positive 2020 despite the impact of the Covid-19 pandemic, which imposed a lockdown

Lonato del Garda Brescia based Italy’s Feralpi Group has reported a positive 2020 despite the impact of the Covid-19 pandemic, which imposed a lockdown in March and April in Italy in 2020. Feralpi ended the consolidated financial year with a profit, and turnover and production in line with a good 2019. Margins also remained positive, though affected by the period of production stoppage imposed by government measures to counteract the pandemic. Feralpi Group Chairman Mr Giuseppe Pasini said “2020 can hardly be described as an ordinary year due to a global pandemic that has disrupted lives, businesses and markets. In this scenario, after protecting our own people, being able to minimise the impact on our Group has been crucial in making us ready to catch the recovery wave we’re now experiencing.”

1. Steel Output - 2.49 million tonnes, down 0.3% YoY

2. Revenues – EUR 1.24 billion, down4.9% YoY

3. Profit – EUR 5.45 million

Feralpi increased the resources allocated to investments to give continuity to the implementation of an industrial development plan focusing on increasing decarbonisation and enhancing the efficiency of production processes. Investments aim at achieving maximum efficiency and also contributing to the decarbonisation of production activities, reducing consumption and emissions by developing, among other things, new models of circular economy to implement a climate strategy capable of combining competitiveness, and respect for the environment and for people.

1. Investments – EUR 55.6 million

2. Emissions - Down by 5.9% YoY

3. Workforce – Up by 8.9% YoY to 1,710

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