Prysmian S.p.A., announces FY 2010 results

Profitability target achieved: adj ebitda €387 million
Upturn in second half: organic growth +9.7%, adj ebitda €206 million (€181 million in 1H)
Power transmission order book: exceeds €1.5 billion (€900 million at end 2009)
CEO Battista: “we are able to undertake Draka integration leveraging on a confirmed sound balance sheet”
Sales: €4,571 million (organic change +3.2%)
Adj EBITDA : €387 million (€403 million in 2009; -4.0%)
Adj operating income : €309 million (€334 million in 2009; -7.6%)
Adj net profit : €173 million (€206 million in 2009; -16.0%)
Free cash flow: €120 million
Net financial position improved to €459 million from €474 million in 2009
Dividend of €0.166 per share for a total pay-out of €35 million

The Board of Directors of Prysmian S.p.A. has approved today the Company’s consolidated financial statements and separate financial statements for 2010 .

Click here for full article