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DIRECTORS’ REPORT
276
| 2012 annual report prysmian group
KEY RESULTS OF THE PRINCIPAL
SUBSIDIARIES
RESEARCH AND DEVELOPMENT
ENVIRONMENT AND SAFETY
The Company holds directly or indirectly, through other
sub-holding companies, the equity interests in the Group’s
operating companies. Its principal subsidiaries are:
• Draka Holding N.V.: this company serves as an operational
holding company for the Draka Group. In 2012, Draka Holding
N.V. reported Euro 24,654 thousand in revenue, Euro 21,458
thousand in dividends and Euro 53,326 thousand in net
profit.
• Prysmian Cavi e Sistemi S.r.l.: this company serves as an
operational holding company and is also involved in the
management and installation of submarine and high voltage
The Group’s research and development activities are mostly
concentrated in Prysmian S.p.A.
The central team, in coordination with R&D and engineering
centres in the various countries, developed numerous projects
over the year in the field of both energy and telecom cables;
significant advances were also made in the area of materials
During 2012, the integration between the Prysmian and Draka
HSE functions really got underway, with an updating of the
Group’s procedures for its environmental management, health
and safety systems. One of the main activities involved in this
update, led by the Company’s HSE function, was to upgrade
the information system that gathers and reports HSE data
and information, with the dual purpose of analysing and
comparing the different Group entities resulting from the
merger so as to align their practices and operating procedures,
and of developing consolidated reports to document and
monitor significant HSE indicators at Group level.
The indicators for monitoring HSE include energy
and optical fibre technology.
R&D costs incurred in 2012 and expensed to income
amounted to Euro 19.2 million.
More details can be found in the Directors’ Report contained
in the Group Annual Report.
consumption, waste management, the use of water resources
and atmospheric emissions of greenhouse gases. These
indicators are reported in the Group’s Sustainability Report,
in some cases as early as in the 2012 edition. In particular,
with regard to greenhouse gas emissions, the Group has
started to collect energy consumption data to keep a track of
“direct” emissions (arising from the production process), and
“indirect” ones (arising from bought-in energy); this process
will allow Prysmian to participate in 2013 in the Carbon
Disclosure Project (CDP), an international initiative that aims
to contribute to the achievement of the Kyoto Protocol’s
targets for worldwide reduction in greenhouse gases.
power systems, through until completion of the contracts
in progress at 31 December 2012. In 2012, Prysmian Cavi e
Sistemi S.r.l. reported Euro 185,554 thousand in revenue, Euro
21,337 thousand in dividends and Euro 142,401 thousand in
net profit.
• Prysmian Powerlink S.r.l.: this company manufactures,
installs and lays submarine cables. In 2012, it reported Euro
699,613 thousand in revenue and Euro 61,612 thousand in net
profit.
