Results for the first half of 2016 were characterised by a marked growth in both revenue and profitability for Prysmian. The biggest drivers of growth were identified as Energy Projects and Telecom, with strategic business practices contributing a notable boost to the bottom line. CEO Valerio Battista noted that important technological innovations, introduced between 2015 and 2016, have left the Group ideally positioned to capitalise on market opportunities, reinforcing the importance of innovation and technological excellence in achieving positive results.
As a market leader in pioneering technology, Prysmian Group understands its role in shaping the future of the industry alongside the needs and requirements of its stakeholders and international decision makers. In this month’s GLOBAL SCENARIO, we report on our presentation to European policy-makers, where we highlighted the importance of enabling the Digital Society, and called on the European Commission to put an end to the technology neutrality and recognise that only optical fibre has the capacity the ‘Gigabit Society’ demands. The Group told the commission to be consistent with its ambitions for greater digital capability by supporting the roll-out of optical fibre technologies.
We also dive into the heart and soul of the company with a FOCUS ON Operations and Manufacturing - a key factor in our strategic market advantage. With the Group goal of increased production to ever-higher standards always in mind, Chief Operating Officer Andrea Pirondini tells INSIGHT what the strategy is, identifies the values associated with Operations and explains what we can expect for Prysmian in the future.
DOING BUSINESS investigates an active few months for Prysmian, with diverse project wins across the world. In the U.S., the Group was awarded the contract to supply vital components to US air carrier JFK, over in Singapore, Prysmian is supporting a new ultra-high speed IT network and a project to provide submarine links to the Venetian Lagoon was secured. We have also completed the successful handover of the ‘cable of records’, the power transmission submarine link between Sicily and Calabria in Italy, reputed to be a milestone in terms of technological features and installation complexity.