Prysmian S.p.A. FY 2011 Results

Sales up (+11.2%); Order book climbs to €2.3 Billion (Feb. 2012)
Adj Ebitda increases to €568 M. Strong cash generation (combined cash flow €209 M)
Net financial position/Adj.Ebitda down to 1.8x
Synergies from Draka integration in line with expectations

The full-year 2011 results consolidate Draka for the period March-December 2011
• Sales: €7,583 Million (organic change +11.2%)
• Adj Ebitda : €568 Million (€387 Million in 2010)
• Adj operating income : €426 Million (€309 Million in 2010)
• Adj net profit : €231 Million (€173 Million in 2010)

• Net result: negative €145 Million after €205 Million provision for antitrust investigations
• Net financial position: €1,064 Million (€459 Million at 31/12/10; €1,389 Million at 30/9/11)

The Board of Directors of Prysmian S.p.A. has approved today the Company’s consolidated financial statements and separate financial statements for 2011.

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Prysmian secures the highest value cable project ever awarded, worth €800 million

Milan, February 16, 2012. Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a record contract worth approximately 800 million Euro, the highest value ever awarded in the cable business, for the development of Western HVDC Link, a new submarine High Voltage Direct Current (HVDC) interconnector between Scotland and England. The whole turnkey project will be executed by a consortium of Prysmian and Siemens who will be responsible for the HVDC converter stations.

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VolkerWessels Telecom Awards Prysmian Group a multi-city deal to extend Reggefiber networks in 2012

Prysmian Group, world leader in the energy and telecom cables and systems industry, today announces the signing of a new FTTH deployment contract with VolkerWessels Telecom, the telecoms division of Dutch construction company VolkerWessels. The contract will be executed by Draka which earlier this year became part of the Prysmian Group.

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Prysmian Group Tops Nexans in the Global Specialty Cable Market in 2011

LONDON, December 2, 2011 /PRNewswire via COMTEX/ — Prysmian Group has beaten Nexans to first place in the global specialty cable market in 2011, after its merger with Draka. According to Integer Research’s latest Study – The Market for Specialty Industrial Cable – Prysmian’s revenues in this market are expected to reach US$1.1 billion this year. Integer’s study, the first of its kind in this market, has revealed that the global market reached US$4.6 billion in 2010. Many of these cables require high quality polymers and additives to meet tighter fire performance and end-user requirements.

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Prysmian S.p.A. nine-month 2011 results

The nine-month 2011 results consolidate Draka only for the period March-September 2011

 SALES: €5,604 MILLION (ORGANIC CHANGE +12.0%)
 ADJ EBITDA1: €408 MILLION (€281 MILLION IN 9M 2010)
 ADJ OPERATING INCOME2: €305 MILLION (€224 MILLION IN 9M 2010)
 ADJ NET PROFIT3: €168 MILLION (€120 MILLION IN 9M 2010)
 NET RESULT: NEGATIVE €159 MILLION AFTER €199 MILLION PROVISION FOR ANTITRUST INVESTIGATIONS
 NET FINANCIAL POSITION €1,389 MILLION (€459 MILLION AT 31 DECEMBER 2010)

Milan, 10/11/11. The Board of Directors of Prysmian S.p.A. has approved today the consolidated results for the first nine months of 2011 (not subject to audit).

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