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Looking at the plant engineering market: Danieli, Primetals, SMS Group


Published: - 13/11/2017 Author: Di Maggio, EIC
Looking at the plant engineering market: Danieli, Primetals, SMS Group

The November issue of Expometals.net's column called "Looking at the markets" focuses on engineering and plant construction company for clients in the metals industry, and analyzes the performances of the three major players in the field:

Danieli, Italy
Primetals, UK 
SMS Group, Germany

You'll find below current information on their business activities, and in the last paragraph "Latest trends" newly published market surveys and other studies directly or indirectly concerning the mentioned industry, that constitute an additional source of information.

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Danieli & C. Officine Meccaniche

Danieli & C. Officine Meccaniche S.p.A., Buttrio/Italy (26/09/2017): The Group, which consists of the two segments Plant Making and Steel Making, reported for the financial year ended June 30, 2017 revenues of € 2,490.9 million compared to €2,493.4 million reported in the same period last year.
The Plant Making segment with around 7,500 employees achieved revenues of €1,751,0 million (2015/16: €1,872.1 million; - 7%). Operating income was €57.1 million (2015/16: €70.9 million; - 20%). Gross operating margin (EBITDA) was €138.0 million (2015/16: €149.3 million; - 8%). Net profit was €41.3 million against €76.6 million reported last year (- 46%).


Projects
Danieli continues to pursue innovation, efficiency and quality of customer service. The company continues to expand the Danieli Academy to train junior employees, provide refresher courses for senior staff and management, and make the most of talented youths.
More about current engineering projects: https://www.danieli.com/en/news.htm
Also the customer Magazine "DaNews" is a valuable information source: https://www.danieli.com/en/news/da-news.htm


Outlook

The company expects that the year 2017/18 will be similar to 2016/17, with the plant-building sector probably experiencing a further erosion of EBITDA, due to orders with unprofitable prices obtained in the last two years and an unfavorable US dollar exchange rate. As of 2018/19,however, a trend reversal is expected bringing with it higher profitability. Markets such as the US, Europe, China, Vietnam and Russia are seeing growing demand, and the 30/35% underutilization of existing plants is showing signs of improvement. Customers have started investing again, mostly in revamps to rationalize plants - while others are being upgraded or shut down - and in technological packages aimed at improving operational expenditure (OpEx), quality, operating flexibility and the environmental impact.


Company presentation/annual report

https://www.danieli.com/en/news/publications.htm
https://www.danieli.com/en/investors/communication.htm?t=official&lp=e


Sources

https://www.danieli.com/en/investors/results.htm
https://finance.yahoo.com/quote/DAN.MI/key-statistics?ltr=1
https://www.reuters.com/finance/stocks/financial-highlights/DANI.MI
http://ih.advfn.com/stock-market/USOTC/danieli-s-p-a-officine-meccaniche-danieli-c-pc-DNIYY/financials
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=875884


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Primetals Technologies

Primetals Technologies Ltd., London/UK: The builder of metallurgical plants for the ferrous and the nonferrous metals sector with some 7,000 employees, was founded in 2015 as a joint venture of Mitsubishi Heavy Industries (MHI) and Siemens. The predecessor enterprises were Siemens VAI and Mitsubishi-Hitachi Metals Machinery (MHMM). MHMM - an MHI consolidated group company with equity participation by Hitachi, Ltd. and IHI Corporation - holds a 51% stake and Siemens a 49% stake in the joint venture. Only few business data are available from public sources. According to the Siemens annual report 2016, Primetals has an equity of €690 million. The net income was - €143 million in 2016. The preliminary Siemens annual report 2017 will be published on 29/11/2017.

Projects
Details about current engineering projects: https://www.primetals.com/pressmedia/news-events/
Also the customer Magazine "Metals Magazine. Innovation and Technology for the Metals Industry" is a valuable information source: https://www.primetals.com/pressmedia/metals-magazine/

Company presentation/annual report
https://www.mhi.com/company/technology/review/pdf/e531/e531009.pdf

Sources
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=275954673
https://companycheck.co.uk/company/09155890/PRIMETALS-TECHNOLOGIES-LIMITED/companies-house-data
http://www.primetals.co.jp/company/co5.html
https://www.siemens.com/investor/pool/de/investor_relations/Siemens_SAG2016_D.pdf
https://www.siemens.com/investor/pool/en/investor_relations/Siemens_AR2016.pdf
Ergebnisveröffentlichung Q4 GJ 2016, 1. Juli bis 30. September 2016
Siemens Q2 FY 2017 Another strong quarter – profitable growth continuing


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SMS Group

SMS Group, Düsseldorf/Germany (20/06/2017): The group of companies active in plant construction and mechanical engineering for the steel and nonferrous metals industry with about 13,500 employees reports an order intake in business year 2016 of €2.680 billion (2015: €2.758 billion). Sales reached €3.052 billion (2015: €3.310 billion), generated in the following regions as follows: Europe 30% (2015: 33%), Russia 6% (2015: 3%), Asia 34% (2015: 33%), America 28% (2016: 29%), Africa 2% (2015: 2%).
The net operating result of SMS group increased to €14 million (2015: €7 million). The company generated orders for metallurgical plant and machinery construction totaling €2.432 billion (2015: €2.476 billion). While plant business decreased to €1.815 billion (2015: €1.882 billion), service business grew to €617 million (2015: €594 million).

Projects
Further expansions are intended in the growth fields digitalization, modernization, service, electrical and automation systems, energy and green technology. The company’s goal is to advise and support customers with a focus on their requirements in metallurgical plant construction plus electrical and automation systems as well as service. This will pay special attention to today’s rapid changes in working practices in connection with digitalization and Industry 4.0.

More about current engineering projects >
Also the customer Magazine " SMS group #Magazine" is a valuable information source

Outlook
The group is confident there’s unbroken potential in modernizations to make plants greener and more energy efficient. Other growth areas are digitalization and the whole spectrum of services,as mentioned above. The group is looking forward to moderately higher order intake in 2017 and 2018. 
Considering the effectiveness of restructuring measures, the group expects its net result for 2017 to be better than the previous year.

Company presentation/annual report
https://www.sms-group.com/press-media/annual-report/
http://www.sms-concast.ch/fileadmin/user_upload/concast/pdf/GB_2016_E.pdf


Sources

SMS GROUP: ORDER INTAKE AND SALES IN 2016 STABILIZED AT PREVIOUS YEAR’S LEVEL

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Previous issues of the column:

Looking at the lubricants market: Fuchs, Henkel, Q8Oils >>
Looking at the spring industry: Wafios, Scherdel, Kern-Liebers >>
Looking at the automotive market: Bosch, Delphi, Faurecia >>
Looking at the markets: Borealis, DuPont, PolyOne >>
Looking at the markets: Benteler, Vallourec, Webco Industries >>
Looking at the markets: Bossard, Norma Group, SFS >>
Looking at the markets: Bekaert, Salzgitter, Voestalpine >>
Looking at the markets: Aurubis, Huber+Suhner, Leoni >>


The information has been compiled by Dipl.-Ing. Konrad Dengler, a technical journalist specialised in industrial activities.


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