2017 Yearly Overview | Prysmian Group

15 Energy Products’ sales grew organically by 0.9 % to €4,880 million in 2017, despite a contraction in volumes in some European countries and North America, absorbed by positive performance in Northern Europe and growth in Asia. AdjustedEBITDAfor2017came inat€244million,from €280 million in 2016. The profitability of the segment reflected mixed performances within the various business lines. Within Energy & Infrastructure, Power Distribution profitability and sales volumes remained down, while performance for the Trade & Installers posted a slight improvement with an acceleration in the second half. Within Industrial & Network Components, the Automotive area continued to perform well, supported by sound order inflows during the year. The OEM business also posted an overall positive year-on-year performance at the end December 2017. However, the Renewables and Elevator businesses both continued to underperform. Sales grew organically by 0.9% Sales grew organically in 2017 while profitability reflected mixed performances within the various business lines. Positive results for Automotive and OEM. The Energy Products operating segment boasts a complete and innovative product portfolio designed to meet the many varied demands along diverse business lines: Energy & Infrastructure (including Power Distribution and Trade & Installers), and Industrial & Network Components, comprising Specialties & OEM, Elevators, Automotive and Network Components. The Group manufactures low voltage products, and medium voltage cables and systems to connect industrial and residential buildings to primary distribution grids. Our fire-resistant, low-smoke and halogen-free cables are part of one of the widest and most comprehensive portfolios in the world. The same applies to our technologically-advanced integrated cabling solutions, which meets the needs of a wide variety of industries. The Energy Products operating segment has invested globally to fulfil growing demand in value-added sectors. In China, the capacity at the Suzhou plant for our Trade & Installer, Rolling Stock and Automotive businesses has increased, as has the capacity at our Durango plant in Mexico, in order to better serve local automotive component suppliers. ENERGY PRODUCTS “The Automotive business continued to perform well having reorganised its manufacturing footprint.” Hans Nieman Senior Vice President Energy Products 2016 Industrial & Network Components Energy & Infrastructure 1,343 1,460 2017 +3.5% 2016 3,016 3,271 2017 -0.2% Energy Products’ sales grew organically by 0.9% to €4,880 million, while profitability reflected mixed performances within diverse businesses. Automotive performed well and OEM also posted positive results. SALES 2017