12 80
2.
HEALTHY RESULTS, WHEN STRATEGY WORKS
PRYSMIAN GROUP
2015
YEARLY OVERVIEW
A YEAR BEYOND
EXPECTATIONS
The Group's ability to defend the more
strategic, high value-added businesses has
continued to be decisive. The market for
submarine cables and systems has rewarded
our project execution capability, as further
enhanced by investments in technological
innovation, production capacity and in
installation with the new cable-laying vessel
"Cable Enterprise". In the Telecom business,
the recovery of optical fibre competitiveness
and our ability to develop innovative
technological solutions for broadband, are
allowing us to take full advantage of the
opportunities in what is proving a solid
market.
This endeavour, combined with
careful financial management, has
helped to ensure strong cash flows
and a considerably better net financial
position than expected.
Revenue growth, improved
profitability and solidity of the
financial structure are what
characterises 2015 for Prysmian.
A year that has closed with
better-than-expected results.
The Group has also continued to focus
on containing costs and reorganising its
manufacturing footprint.
The profit targets have been reached,
allowing us to distribute a dividend in line
with 2014.
Telecom
Energy
products
2014
Total
2015
239
116
243
134
509
623
Energy
projects
154
246
ADJUSTED EBITDA