Just published the Annual Report of Duferco Group. Duferdofin-Nucor witnessed positive performances

Saturday August 3rd, 2019 News

Duferco Group has just published the Annual Report concerning the 208 financial results and the 2019 half year results. The performances of the last period confirm the trend of growth already witnessed in the previous year with revenues up to USD 8.1 billion and the profit up to USD 46 million.

In this context, Duferdofin-Nucor, the steel division of Duferco Group, contributed considerably to this result. Despite the commercial restrictions and uncertainties, the global demand for steel remained robust and allowed Duferdofin-Nucor to witness a growth of 21% of the revenues, which increased to EUR 559.3 million, and of the net profit, which increased from EUR 1.1 to 2.1 million.

For the first time the Annual Report includes an Integrated Report on the activities in the area of Corporate Social Responsibilityrisk management and impact assessment.

Franco Monteferrario, CEO of Duferdofin-Nucor, highlights the commitment of the company toward sustainability and safety of employees.

In the last three fiscal years the group has invested more than EUR 13 million (20% of the overall investment) in safety and environmental sustainability. In the same period, thanks to the continuous training of employees and the adoption of stricter procedures than as required by legislation, the injuries frequency rate dropped by 78% and is now 50% lower than the field average. This confirms that we are on the right path to achieve our long-term goal: zero injuries.



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