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8 | Prysmian Group
Insight
Quarterly Overview
T
he results posted for the first-half of the year
confirmed the growth path shown since the
start of 2015, which has further accelerated.
CEO Valerio Battista noted that the
strategic businesses of submarine cables and systems
and optical fibre cables “have performed extremely
well”, while the situation in the more standardized
businesses of power distribution and building wires
is “slowly but steadily improving”. In this context of
consolidating market recovery, the Group has been
able to intercept some of the most attractive business
opportunities, boosting its transmission order book to
The results of Prysmian Group for the first half of 2015approved by the Board of Directors
confirmed the growth seen since the start
of the year, which has shown further acceleration.
Growth gained
steam in Q2.
Record
order book
a new record figure of almost €3.5 billion. Prysmian
was also awarded the NSN project, the longest HVDC
link ever built and worth more than €550 million.
Mr Battista also wished to confirm that the plan in
response to the problems emerged in the Western
Link project execution was proceeding apace and
“producing better-than-expected results”, allowing to
make a positive revision of €35 million to the project’s
initially estimated impact. Given this scenario, the
Group aims to position itself at the top end of the
Adjusted EBITDA range of €590-€640 million for full
year 2015.