(Alliance News) - The board of directors of Danieli & C Spa on Tuesday appointed Alessandro Brussi, already vice chairman, as the new chairman of the board of directors on an interim basis until the shareholders' meeting that will be called to approve the financial statements for the year ending June 30, 2024.

The board also analyzed the group's nine-month business results as of March 31, 2024, which "show a trend in continuity with the half-year figures as of December 31, 2023 with good profitability of the Plant Making segment, while the Steel Making segment remains positive and improving but is still below the targets indicated by the guidance for 2023-24," the company's statement reads.

"The Net Financial Position remains high and solid as does the order backlog, which is good and in line with the values presented with the half-yearly report," the statement further reads.

Danieli & C's stock closed Tuesday up 1.8 percent to EUR25.15 per share.

By Chiara Bruschi, Alliance News reporter

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