Consolidated Financial Statements >
Directors’ Report
UTILITIES
(*) The pro-forma figures are calculated by aggregating the Draka Group’s results for the two-month pre-acquisition period (January-February) with the consolidated
figures.
(in millions of Euro)
2012
2011 (*)
% Change
% Organic
2010
Pro-forma
sales change
Sales to third parties
2,287
2,318
-1.3%
1.1%
1,790
Adjusted EBITDA
270
264
250
% of sales
11.8%
11.4%
14.0%
Adjusted operating income
234
238
215
% of sales
10.2%
10.3%
12.0
The Utilities business area encompasses the Prysmian
Group’s Energy segment activities involving the engineering,
production and installation of cables and accessories for
power transmission and distribution, both at power stations
and within primary and secondary distribution grids.
The following business lines can be identified within the
Utilities business area:
Power transmission systems (High Voltage)
Prysmian Group engineers, produces and installs high and
extra high voltage cables for electricity transmission both
from power stations and within transmission and primary
distribution grids. This business line mainly focuses on
providing turnkey solutions tailored to meet customer
specifications. Products include cables insulated with oil
or fluid-impregnated paper for voltages up to 1100 kV and
extruded polymer insulated cables for voltages below 500
kV. The products are highly customised and high-tech. This
business line provides its customers with installation and
post-installation services, as well as grid management and
maintenance services, including grid performance monitoring,
grid cable repair and maintenance, and emergency services,
such as reinstatement of service following damage.
Submarine power transmission and distribution systems
(Submarine)
Prysmian Group engineers, produces and installs turnkey
submarine power transmission and distribution systems.
The Group has used specific submarine power transmission
and distribution technology to develop cables and accessories
featuring its exclusive proprietary technology for installation
at depths of up to 2,000 metres. These cables offer different
types of insulation: cables insulated with oil or fluid-
impregnated paper for transmission of up to 500 kV in direct
and alternating current; extruded polymer insulated cables for
transmission of up to 400 kV in alternating current and up to
300 kV in direct current. Installation, engineering and other
services are of particular importance in this business, with the
Group able to offer quality solutions that satisfy the strictest
international standards (SATS/IEEE, IEC, NEK). In particular,
as far as installation is concerned, Prysmian Group can offer
the services of the “Giulio Verne”, one of the largest and most
technologically advanced cable-laying vessels in the world,
and of the “Cable Enterprise”, a vessel mainly serving offshore
wind farm installations.
Power distribution cables and systems (Power Distribution)
In the field of power distribution cables and systems,
Prysmian Group produces medium voltage cables and
systems for the connection of industrial and/or residential
buildings to primary distribution grids and low voltage
cables and systems for power distribution and the wiring
of buildings. All Prysmian Group products in this category
comply with international standards regarding insulation, fire
resistance, smoke emissions and halogen levels.
Network accessories and components (Network
Components)
Prysmian Group also produces accessories such as joints
and terminations for low, medium, high and extra high
voltage cables, as well as accessories to connect cables with
each other and with other network equipment, suitable for
industrial, construction or infrastructure applications and
for power transmission and distribution systems. Network
components for high voltage applications, in particular, are
designed to customer specifications.
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| 2012 annual report prysmian group
