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The Energy Products Operating Segment
offers a complete and innovative product
portfolio designed to meet the various
and many demands of the market, and
encompasses: Energy & Infrastructure
(including Power Distribution and Trade
& Installers) and Industrial & Network
Components (comprising Specialties & OEM,
Oil&Gas,Elevators,AutomotiveandNetwork
Components).
The year 2015 was one of stabilisation for Energy Products, with a slight
recovery by Trade & Installers, excellent performance by Power Distribution
and an organic decrease for Industrial, mainly triggered by the downturn in
Oil&Gas and Automotive investment expenditure.
Sales by the Energy Products operating segment amounted to Euro 4,665
million, reflecting positive organic growth of 1.2% due to volume recovery
in Europe, North America, Oceania and Argentina.
Adjusted EBITDA came to Euro 243 million versus Euro 239 million in 2014
(+2.1%). Energy & Infrastructure achieved an Adjusted EBITDA of Euro 128
million,having improvedfromEuro108million in2014.Staticorganicgrowth
and stable prices characterised the performance of Trade & Installers.
The performance of Industrial & Network Components, with Adjusted
EBITDA at Euro 113million, down fromEuro 126million in 2014, was affected
by the instability of demand in some sectors. In Oil & Gas, the reduction in
investments caused by falling oil prices had a particular impact on the more
capital intensive sectors, such as offshore and the Maintenance, Repair &
Operations business. Elevators performed extremely well in nearly all their
geographic markets, particularly APAC and EMEA.
ENERGY PRODUCTS
The segment manufactures medium voltage
cables and systems to connect industrial and
residential buildings to primary distribution
grids and low voltage ones for power
distribution and the wiring of buildings.
Prysmian solutions are developed to support
utilities and grid operators, industrial
companies, installers and wholesalers in the
electricity sector.
Endeavour that stimulates growth
The Trade & Installers division posted a slight recovery
throughout 2015 while Power Distribution scored positively.
“The Energy Products segment saw a positive performance for Power Distribution cables
in 2015 in almost all markets driven by new investments in the distribution networks
of the utility companies, while our Industrial cable segment realized a negative organic growth
mainly due to a strong down turn in the Automotive cable segment that was only partially
compensated by a positive development in other segments".
SALES BY THE ENERGY PRODUCTS OPERATING
SEGMENT AMOUNTED TO
€4,665
MILLION,
REFLECTING POSITIVE ORGANIC GROWTH OF
1.2%
DUE TO VOLUME RECOVERY IN EUROPE,
NORTH AMERICA, OCEANIA AND ARGENTINA.
ADJUSTED EBITDA CAME TO
€243
MILLION
VERSUS €239 MILLION IN 2014 (+2.1%).
2014
1,708
2,677
1,749
+2.4%
Industrial & Network Components
Energy & Infrastructure
+4.4%
2,795
2015
2014
2015
SALES
2015
The Group's integrated solutions serving
the Industrial market constitute the most
comprehensive and technologically advanced
response to the needs of a wide variety of
industries, while its cable solutions for the
Specialties and OEM market serve many
different specific industrial applications such
as trains, aircraft, ships, harbours, cranes,
mines, the nuclear industry, defence, the
electro-medical sector and renewable energy.
Senior Vice President
Energy Products business
Hans Nieman