19
sales grew organically as high added-value
business sustained demand, while the drop
in volumes of renewables and the delay of
onshore and offshore projects in asia had
limited impact on profitability.
prysmian group in 2013 has signed major
contracts with brazil’s petrobras, including
the $260 million new frame agreement for
umbilicals and the extension of a flexible
pipes contract which is worth $95 million, in
a further progression of a 35-year long co-
operation with the oil company.
last year, prysmian group supplied very high
and medium voltage power cables to the
iberdrola’s “cortes-la Muela” hydroelectric
plant, the largest in spain and among
europe’s biggest, which started production in
late 2013.
prysmian group equipped the new us aircraft
carrier gerald r. ford with medium voltage
and fibre optic cables. the power cables were
specially designed by prysmian for this class
of vessel.
Industrial cables business: continuously specializing
prysmian’s industrial
business continued the
process of intensifying
specialization in 2013, in order
to offer its global customers
even more personalized
products and solutions.
Major Petrobras contracts
US carrier equipped
cables for Spain’s largest
hydro plant
Sales to third
parties
Euro millions
ADJ. EBITDA
134
1,765
