Ex Ilva, the turning point arrives. No financial debt and returns to profit
The former Ilva of Taranto after years of darkness and financial problems, returns to make profits, canceling the red from his accounts and no more financial debts. This is said by Lucia Morselli, CEO of the Acciaierie d’Italia. “This – explains Morselli to Sole 24 Ore – does justice to the fantasies and aberrations on the losses of the group that have been said and written” he adds. The starting point was very low and I must admit it was tough but we did it: in the first quarter of this year the group earned a few million a month, which doubled in the second quarter. All without financial debt. I repeat, without financial debt to anyone, including banks “. For Morselli” the numbers say that, against everything and everyone, the former Ilva after about 10 years is back in profit and the sentence of the State Council issued in the days last, it closes a cycle “.
“And now – continues the CEO Morselli al Sole – we trust that Invitalia, the public shareholder, by joining the board will implement its contractual commitments. Because the text of the provision, which allows the former Ilva to continue its activities, is the recognition of the environmental plan implemented. It acknowledges that we have made the right choices, that the investments to adapt the plants to the most rigorous environmental standards have so far been carried out correctly “.