New Product’s Introduction at Prysmian

New Product’s Introduction at Prysmian

Innovation is at the heart of Prysmian’s growth strategy. New Product Introductions (NPI) play a key role in enhancing performance, creating value, and gaining a competitive edge.

To support this, Prysmian uses Sopheon Accolade®, its global innovation platform, acting as the Single Source of Truth for product development. It enables smarter resource allocation, strategic planning, and seamless collaboration across R&D, Operations, Sales, and Quality.

Accolade Highlights

  • Manages over 900 product development projects globally.
  • Supports customized workflows and performance metrics.
  • Fully deployed across all regions and business units by January 2025.
  • Boosts transparency and efficiency across functions.

Additionally, a new reporting tool tracks the performance of launched products over a three-year vitality period, helping each region stay aligned with innovation targets.

Numerous new product development projects realized during 2024, leading to:

prysmian products

Innovation Performance in 2024

Prysmian continues to push the boundaries of technology and innovation. In 2024, the Group achieved its best-ever result in the innovation category, driven by cutting-edge products and strategic investments.

New Products & Solutions Vitality (NPSV) represents sales turnover of newly development products and/or solutions as a percentage of the total sales tracked for 3 years, starting from the first sales order registered in SAP (or tracked manually for plants not in SAP).

  • Category Vitality rose to 6.0%, up from 4.2% in 2023, underscoring our ability to lead the market and launch innovative products ahead of competitors.
  • In Q3 2024, the Group Vitality Index reached 24.4%, a notable increase from 20.7% in the same period of 2023.

These results reflect Prysmian's commitment to continuous innovation and its strong momentum in delivering value through technology.

Prysmian Total net sales result (K€) NP net sales (K€) % Vitality
Group result 11,156,225 2,720,612 24,4
NP category NP net sales (K€) % Vitality 3Q2024 % Vitality 3Q2023
Innovation 670,398 6.0 4.2
Product development 1,822,349 16.3 12.8
Technology transfer 227,727 2.1 3.7