In a global market context characterized by economic uncertainty and increasing regulatory pressures towards sustainability, Feralpi Group has presented its Consolidated Financial Statement 2024, a document that not only reflects the economic results of the year but also strongly reaffirms its innovative, sustainable, and socially responsible approach, aimed at a new generation of low-impact steel. The company positions itself as one of the leading steel producers in Europe, specializing in construction steels and special applications, with a revenue of 1.6 billion euros in 2024 and nearly 2,000 direct employees. The second edition of the Integrated Report, voluntarily prepared, demonstrates transparency and the integration of financial performance with environmental, social, and governance (ESG) information, anticipating the future regulatory obligations of the Corporate Sustainability Reporting Directive (CSRD). Chart_produzione ed economics_2024Download 2024 Economic and Financial Results: Growth in Volumes, Decline in Revenues The consolidated financial statement for 2024 from Feralpi Siderurgica highlights increased production volumes, reaching 2.6 million tons of steel (+6.4% year-on-year). Specifically, billet production was 2,584,227 tons (+6.4%), finished rolled products amounted to 2,476,077 tons (+6.6%), and cold worked products totaled 1,343,571 tons (+4.4%). At the level of individual plants, Feralpi Siderurgica in Lonato del Garda recorded a 10.1% increase in billet production and an 8.3% increase in finished products, while ESF Elbe-Stahlwerke Feralpi GmbH in Riesa, Germany, saw billet production grow by 6.7% and finished product output increase by 3.0%. Revenues stood at 1.65 billion euros, reflecting a contraction from 1.72 billion in 2023. This decline is primarily attributed to reduced selling prices. The Group’s international footprint is confirmed by the 62% of revenues generated abroad, a slight increase from 61% in 2023, with 9.5% coming from non-EU countries. In a European context that tends to regionalize, Feralpi has demonstrated differentiation capabilities, focusing on new markets such as Poland and the Czech Republic, where revenues increased by over 100% and 48%, respectively. The decline in revenues was accompanied by an increase in the impact of production factors, particularly the rising cost of raw materials, leading to a significant reduction in EBITDA to 27.6 million euros. After accounting for depreciation and amortization of 70.3 million euros – which increased due to the Group’s investment activities – the net result was negative at 37.7 million euros. The Net Financial Position (NFP) amounted to 155.5 million euros, compared to 45.5 million the previous year, due to significant technical investments made during the year. Despite these market challenges, Feralpi Group generated economic value for its stakeholders amounting to 1.7 billion euros, a 7% increase from the previous year, with a notable rise in value for employees (+10%). Market Context and Outlook for 2025 The steel sector continues to be affected by global macroeconomic events, with China strengthening its leadership and significant overcapacity threatening other markets. Europe, on the other hand, is losing ground, accounting for only 6.8% of global production, with Germany experiencing a 12% contraction. Italy, while showing a slight increase in production, represents 1.1% of total global output. In the first half of 2025, there has been an improvement in EBITDA for both construction steels and specialties, although selling prices have remained subdued. Germany has shown an increase in revenues, but uncertainties persist for the second half of the year across all European markets. Strategic Investments for Low-Impact Steel Despite the uncertain context, the Group invested 223 million euros in 2024, with over 80% focused on ESG content. These investments were directed towards several key projects for innovation and sustainability: The completion of the new rolling mill B at the Feralpi Stahl facility in Riesa, Germany, which has commenced production of coils (spoolers) up to 8 tons through an innovative, fully electrified, zero direct emissions process (Scope 1). In Lonato del Garda, a new coil line (spooler), a new water treatment plant for the steelworks and rolling mill 1, and a photovoltaic plant of 437 kWp have been established. In Lecco, in Caleotto, a modern Garret line for special steels has been launched, expanding the dimensional range and improving product quality. The Group has approved further investments in photovoltaic energy production plants and is studying wind energy projects to cover part of its electricity needs. Notable among these are the photovoltaic plants of Feralpi Siderurgica (3.47 MWp) and Acciaierie di Calvisano (3.90 MWp). The FERGreen product line has been launched, featuring low environmental impact construction products with some of the best EPDs (Environmental Product Declarations) in the European market. A 2026-2028 investment plan includes decarbonization projects, including an innovative conduction heating plant and interventions in the scrap yard. The Group has also continued its efforts in Research and Development with projects such as Coralis (slag recovery), ModHeaTec and Modiplant (electric heating systems to reduce CO2), and Biorecast (using biocoal and polymers in electric furnaces). Sustainability and Emission Reduction: Commitments and Concrete Results Feralpi Group has strengthened its commitment to sustainability, combining technological innovation with environmental responsibility. In 2024, it significantly invested in reducing CO₂ emissions, achieving a 39% reduction in specific CO2 emissions compared to 2022 and a 22% decrease in water usage. These commitments are monitored through an annual ESG Scorecard that tracks 14 objectives. The Group has developed a climate transition plan to reduce Scope 1 and Scope 2 emissions, with short- and long-term targets validated by SBTi (Science Based Targets Initiative) in July 2024, making it one of the first European steel actors to achieve such recognition. Feralpi’s production process Italian Version
Feralpi Group: The 2024 Financial Statement Confirms Sustainable Leadership and Low-Impact Growth Strategy
