Prysmian, worldwide leader in the energy and telecom cables industry, unveils its new organisational structure, marking an important step forward in the integration with Draka, following the closing of the acquisition in March and the delisting from the Amsterdam Stock Exchange in April. Along with the new organisational structure, which comes into effect from July, the Group has set itself a new Mission and a new strategy that aims at promoting both the Prysmian and the Draka commercial brands under the new Prysmian Group corporate umbrella.
Milan, 03 May 2011 – Prysmian Cables & Systems, world leader of the energy and telecom cables and systems industry, has signed two major contracts with SAIPEM, a world leading Oil & Gas industry contractor, worth in excess of € 60 million, to supply special cables for applications in the Oil, Gas and Petrochemicals industry.
The range on display will include innovative Drylam™ and Airguard™, special solutions with enhanced resistance characteristics, specifically designed for critical environments.
Prysmian Cables and Systems, leading worldwide player in the energy and telecommunications cables industry, will play a major role at OTC 2011 (Offshore Technology Conference) in Houston, TX (USA) from May 2nd to 5th – stand 4963. The Group will be present with its latest technological innovations specifically designed for the Oil & Gas industry, including Airguard™ and Umbilical technologies as well as a wide range of submarine power cables and flexible pipes.
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 .
Prysmian, a leading global player in the energy and telecommunications cables and systems industry, is ready for the international launch of P-Laser, the first high-performance eco-sustainable Medium Voltage cable for electrical grids. Made with raw materials that are recyclable, P-Laser helps to reduce the environmental impact of electrical grids while increasing their efficiency and transmission capacity.
Prysmian Cables & Systems – a leading worldwide player in the energy and telecommunications cable market – has confirmed its position among the top global players in the telecommunications optical fibre and cables sector, with overall production of around 10 million km of optical fibre in 2010, equal to 5% of the total worldwide industry production, and with a significant growth on 2009.
Prysmian, one of the leading worldwide players in the energy and telecommunications cable industry, is to showcase its latest technological innovations, specifically designed to support the development of smarter and greener power grids, at MEE 2011, the electrical industry’s largest tradeshow in the Middle East, taking place in Dubai from February 8th to 10th, 2011 – stand 02D30, Hall 2.
Prysmian, a leading worldwide player in the energy and telecommunications cable industry, has been awarded a project worth more than €250 million by the Dutch-German grid operator TenneT for the connection project SylWin1, linking offshore wind farms in the North Sea to mainland Germany.
Prysmian Cables & Systems, a world leader in the energy and telecommunications cables industry, has been awarded a major contract by the Australian government-owned NBN Co Limited, for the supply of fibre optic cables for the development of the new national broadband network. Total value of the contract, which has been secured by Prysmian Telecom Cables & Systems Australia Pty Limited, is up to €223 million (AUD 300 million) over five years, with an initial purchase order of €112 million (AUD150 million).
Prysmian Cables & Systems, a leading worldwide player in the energy and telecommunications cables industry, has been awarded major new contracts for underground cable systems worth a total of some € 60 million.