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Fact Book 2014
Prysmian Group
14
€1,355 mln
SALES 2014
ADJ. EBITDA
€154 mln
SALES BUOYANT FOR
POWER TRANSMISSION
Business achievements - Energy Projects
Sales made by the Energy Projects operating segment came
in at €1,355 million in 2014, with organic growth of +1.7%
(which, excluding Western Link, would have been €1,416
million, with organic growth of +6.1%). The profitability
would have risen, excluding Western Link, with Adjusted
EBITDA coming in at €248 million.
Sales for power transmission were highly buoyant, despite
the delay in the Western Link project. The Group confirmed its
market and technological leadership by winning several new
projects for both energy interconnections and for offshore
wind farms. High Voltage Underground power transmission
cables mantained generally stable sales despite the impact
of weak demand for new energy infrastructure in several
major European markets. The order book for underground and
submarine cables and systems stands at about €2.8 billion.
The Energy Projects segment scored headline
growth due to strong results in its submarine
cables business, while sales of high voltage
underground cable also remained strong.
Massimo Battaini
Head of Energy
Projects
What does itmean for a global leader to offer
turnkey solutions?
It means strengthening
its leadership and dictating new standards
for the entire industry. It also means being
able to act as a strategic partner for country-
systems. Take the case of Germany, Europe’s
largest and strongest economy, with the very
ambitious and admirable goal of shifting
from fossil fuels to renewables. Prysmian is
the ideal partner for Germany in this project.
What are the prospects for the segment in
the future?
Submarine sales grew in 2014,
with work still in progress on major projects.
Demand is still positive in the Middle and Far
East and in some North European markets.
Prysmian is perfectly equipped to cope with
this thanks to recent investments in our
European plants, especially in the high value-
added market sub-sectors.