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Fact Book 2014
Prysmian Group
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The result was offset by exchange rate fluctuations and
price reductions that brought sales made by this operating
segment down 3.4% on 2013, at €4,491 million. Adjusted
EBITDA came in at €239 million.
Energy & Infrastructure business sales grew organically by
2.7%but contracted by 2.6%due to exchange rate fluctuations
and price reductions. Against weakness in infrastructures
and energy consumption in Europe, it was able to benefit
from growth opportunities in Asia and North America. The
Industrial & Network Components business saw a negative
change in sales too, while demand for renewables improved
considerably. The Elevator leadership was consolidated in
North America and expanded into the Chinese and European
markets.
Organic sales within this operating segment
were higher, reflecting volume recovery in
Northern and Eastern Europe and growth
in Asian countries.
What does it mean to be a leader in energy
cables and to remain so?
It means remaining
the company that sets the standards for the
global cable industry at increasingly levels
of quality, efficiency and safety, It also
means we have to constantly open up new
frontiers of technological innovation. Even
in low voltage, which is mistakenly seen as a
commodity, our Group aims to stand out by
making top quality its hallmark.
What are the prospects for the Segment?
We are focussed on the high end of the
market and our on going commitment to
research and innovation, culminating in the
introduction of new and innovative products,
allows us to take a positive view. We’re
confident that investments we’ve made in
power distribution will regain momentum,
as anticipated by Jean-Claude Juncker for
Europe. If this is the case, we’ll be ready.
€4,491 mln
SALES 2014
ADJ. EBITDA
€239 mln
GROWTH IN ASIA,
NORTH AMERICA
Business achievements - Energy Products
Hans Nieman
Senior Vice President
Energy Products