strong free-cash flow generation anD sounD balance
sheet with a constantlY iMproving net financial position.
15
FREE cASH FLOW NEt FINANcIAL
POSItION
cAPEx
ROcE
2011
2011
2011
2012
2012
2012
2013
2013
2013
834
144
170
918
152
284
1,064
163
209
2011
2012
2013
17.2%
17.8%
16.1%
levered before acquisitions
*ratio between annual adj. ebit
and average quarterly net capital
employed
note: euro million. 2011 combined prysmian + Draka
Investing
for growth
in 2013 prysmian group has
focused its investments
on high-tech, high value-
added businesses and in
geographical areas with
the best growth prospects.
€61 million was invested to
increase production capacity
and develop the product
portfolio, as was the case
for the new optical cables
plant in slatina, romania,
and a new high voltage cable
factory in russia. since its
ipo in 2007, the group has
invested a total of €462
million to improve the
product mix and develop its
product portfolio.
