SynopsisSlovenian steel conglomerate, Slovenska Industrija Jekla, reported a consolidated net profit of €14.2 million ($15.2 million) for the first half of 2023. Despite a 17.6% decline in sales revenue compared to the previous year, SIJ achieved an EBITDA of €53.7 million, with an EBITDA margin of 8.9%. The company noted that these results were comparable to the first half of 2021 when no special operational circumstances affected the economy.ArticleSlovenska Industrija Jekla, the Slovenian steel conglomerate, has announced a consolidated net profit of €14.2 million ($15.2 million) for the first half of 2023. Despite challenges in the economic landscape, SIJ managed to maintain profitability.In the first half of 2023, SIJ's sales revenue experienced a decline of 17.6% compared to the previous year, totaling €601.5 million. However, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €53.7 million, demonstrating SIJ's ability to effectively manage its operations and costs.SIJ's EBITDA margin for the first half of 2023 stood at 8.9%, highlighting the company's efficiency in generating earnings relative to its revenue.It's worth noting that SIJ mentioned that its business results for the first half of 2023 were down compared to the same period in the previous year. However, they were in line with the performance during the first half of 2021, a period unaffected by special operational circumstances.In contrast, SIJ's performance in 2022 saw notable growth, as the company passed on higher energy prices to its customers. During the first half of 2022, SIJ achieved a net profit of €52.4 million, a significant increase from the €10.0 million recorded in the same period the previous year. Furthermore, net sales during this period surged by 61.7% year-on-year, totaling €730.4 million.ConclusionSlovenska Industrija Jekla (SIJ) has managed to maintain profitability, reporting a consolidated net profit of €14.2 million in the first half of 2023. Despite a decline in sales revenue, SIJ's effective management and cost control resulted in an EBITDA of €53.7 million, with an EBITDA margin of 8.9%. SIJ noted that these results were comparable to pre-pandemic levels, reflecting its resilience in challenging economic conditions.