2013 saw the achievement of adjusted EBITDA at €612million,
within the target range set for the year, thanks to positive
performances by the higher value-added businesses of
power transmission and certain areas of the industrial cables
market. This limited the negative impacts of weak demand
in power distribution, construction, renewable and telecoms
and a negative effect of exchange rates. Signs of partial
stabilisation appeared in the second half of the year; they are
signs that Prysmian is ready to exploit, equippedwith its newly
strengthened team.
PrysmianGroup startedmakingmanagement appointments
aimed at enhancing its growth opportunities in everymarket and
moving even closer to its customers by anticipating their needs.
The ultimate goal of themovewas that of exploiting the full
potential of the Group’s global leadership and excellence.
The countdown for Milan 2015 Universal Exhibition has begun
and Prysmian is a leading player in ensuring the city is perfectly
equipped for thismuch-expected international event. Prysmian is
amajor contributor to the effort of building new infrastructures
to host participant countries from all over theworld. It is
providing state-of-the-art, fire-safe cables for the Expo site, new
motorways and the skyscraper that will be an icon of the event.
The Group is also startingwork to build the new headquarters in
the Italian city, that will accommodatemore than 700 people in
ultra-green buildings.
In this issue, INSIGHT reports on the agreement signed by
Prysmianwith Russia’s largest power grid, JSC Rosseti. Youwill
also find details of a new contract securedwith Petrobras and
the European Investment Bank announcement that it will fund
Prysmian R&D programmes. Last but not least, we share the
news that the Groupwas awarded a breakthrough achievement
in online communication, as KWDWebranking, Europe’smost
in-depth analysis of online corporate communications, rated
Prysmian third in its ‘Best Improver’ category.
Editorial Team - INSIGHT
Full potential
INSIGHT
is the quarterly review of Prysmian
Group created and published by the Corporate
& Business Communications Dept.
For information:
Contents
Quarterlyoverview
Focus on
Global scenario
Doingbusiness
Getting things done
EDITORIALCOLUMN
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PrysmianGroup Insight
