Record performance by Submarine cables along with strong growth for High Voltage Underground.
The Energy Projects Operating Segment encompasses a range of high-tech and high value-added businesses with a focus on projects and their execution, including customization of products and systems. It includes High Voltage underground and Submarine cable connections. Prysmian engineers, manufactures and installs high and extra high voltage cables for underground and submarine power transmission directly from power stations to primary distribution networks.
Through Prysmian PowerLink, the Group develops the most advanced "turnkey" submarine cable systems for installation at depths of up to 2,000 metres. Prysmian also offers advanced services for the construction of submarine power lines for offshore wind farms, ranging from project management to cable installation.
The Group execution capability is enhanced thanks possible to three vessels that represent the largest and most technologically advanced cable-laying fleet in the world: the "Giulio Verne", the Ulisses and the "Cable Enterprise".
Improved margins in 2016. Trade & Installers sales down, Industrials mixed, Elevators and Network Components positive.
Energy Products is the Group Operating Segment that offers a comprehensive and innovative product portfolio designed to meet the widest demand of the market. It includes Energy & Infrastructure, encompassing Power Distribution and Trade & Installers, and Industrial & Network Components, comprising Specialties & OEM, Oil & Gas, Elevators, Automotive and Network Components.
Energy Products produces medium voltage cables and systems to connect industrial and residential buildings to primary distribution grids and low voltage ones for powering buildings. With this Segment Prysmian supports utilities and grid operators, industrial companies, electricity installers and wholesalers.
The integrated solutions offered represent the most comprehensive and technologically advanced response to the needs of a wide variety of industries, while its cable solutions for the Specialties and OEM market serve many different specific industrial applications such as trains, aircraft, ships, harbors, cranes, mines, nuclear power, defense, electro-medical and renewables.
Profitability continued to improve along with healthy 8.5% Australia-driven organic growth of sales.
Telecom Operating Segment makes provides cable systems and connectivity to telecommunication networks, with a product portfolio ranging from optical fibre, optical cables, to components and accessories, optical ground wire and copper cables. It boasts centres of excellence in Battipaglia, Italy, Eindhoven, Netherlands, and Douvrin, France, plus 5 production sites around the world. Prysmian is a global leading manufacturer of the core component for every type of optical cable: optical fibre. The Group also owns every currently available technology for the manufacture of optical fibre, that allows it to achieve optimal solutions for many different applications.
Optical fibres are employed in the production of a wide range of standard optical cables, including those specifically designed for challenging or inaccessible environments, from underground ducts to overhead electricity lines, from road and rail tunnels to gas and sewerage networks.
Prysmian also offers passive connectivity solutions that ensure efficient management of optical fibre within networks. As growing demand for even broader bandwidth has seen the deployment of optical fibre moving closer to the end user, the Group is extremely active in this rapidly growing
market, known as FTTx, with an approach based on combining existing technologies with innovative solutions that allow fibres to be deployed in high-rise buildings and multi-dwelling units.
Sales fell along with profitability due to continued adverse market conditions, stabilization seen.
The recently created Oil & Gas Business Area can boast a well-established market presence in North America, Brazil, Europe and in the Asia-Pacific region, with major production facilities in Norway, Italy, Turkey, China, Spain, Malaysia, Brazil and US. The Area – that includes the former Oil & Gas and the SURF.
Business Units – is structured to position Prysmian Group as one of the key global suppliers in the Oil & Gas market, from Subsea (Umbilical & Flexible Pipes) and Down-hole technology, to the Core Cables products portfolio. Technology plays a key role in meeting the new industry challenges, supported by a strong and multicultural project management.
In the diffcult context of today’s oil prices, collaboration with Major and National Oil Companies and industrial service providers will be a key strategy in redefining the new industry standards, as well as a means to simplify the way capital projects are executed. Working together to design a fit-for-purpose system is the offer that the business area is promoting to its customers and partners.