8
QUARTERLY OVERVIEW
CEO Valerio Battista
pointed out that
these positive results refected the Group’s
positioning in the high-tech businesses
of submarine and optical cables, in which
Prysmian remains the world leader. The
cable businesses have shown resilience
despite the economic downturn, and are
now beneFting ±rom the progressive signs
of recovery. The Group also continued
to beneFt ±rom its persistent ±ocus on
organisation and manufacturing-footprint
e²ciency.
³or the ³Y 2015, Prysmian has set a realistic
goal of Adjusted EBITDA in the range of
€560- €610 million, thanks to Telecom and
Energy Projects business. It also ±ound
support in the transmission order book,
that has reached a new record level o± €3.1
billion, and from the stabilisation of the
trend in the cyclical businesses.
Mr Battista also wished with “great
satisfaction” to draw attention to the
success achieved by the YES employee
share purchase plan, that has reached a
landmark 6,500 employee shareholders,
refecting a total investment o± €12 million.
It’s a result that bears witness to the strong
engagement o± Prysmian people in the
Group’s ±uture business.
Good revenue growth and
substantially higher profitability
characterised Prysmian Group's
first-quarter consolidated results
for 2015
, approved by the Board
of Directors.
Profitability
substantially
higher in Q1
