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against the backdrop of what was still
a generally difficult market, albeit with
divergent trends between different markets
and geographical areas, the high value-added
businesses of underground and submarine
power transmission and certain areas of
the industrial cables market performed
well. the geographical distribution of sales
reflected a diversified scenario: recovery in
north and south america, except for the
telecom business, persistent weakness
in central europe and the Mediterranean,
strong demand in the asia pacific region for
industrial cables but continuing weakness for
building wires and power distribution cables.
Delivering performance
in a still difficult market
