53
The pro-forma figures for full year 2011, in which the Draka
Group’s data are consolidated from 1 January, have been the
subject of a number of reclassifications within each business
area in order to make them fully comparable with the figures
in subsequent periods. Given the limited usefulness and lack
of significance for comparative purposes, it has been decided
not to present the consolidated figures by business area for
full year 2011 (which included Draka for only the period March-
December).
UTILITIES
(*) The pro-forma figures are calculated by aggregating the Draka Group’s results for the two-month pre-acquisition period (January-February) with the
consolidated figures.
(in millions of Euro)
2013
2012
% change
% organic
2011 (*)
sales change Pro-forma
Sales to third parties
2,224
2,287
-2.8%
-1.4% 2,318
Adjusted EBITDA
281
270
264
% of sales
12.6%
11.8%
11.4%
Adjusted operating income
240
234
238
% of sales
10.8%
10.2%
10.3%
The Utilities business area encompasses Prysmian’s Energy
segment activities involving the engineering, production and
installation of cables and accessories for power transmission
and distribution. The Group engineers, produces and installs
high and extra high voltage cables to
transport
electricity
from power stations and within transmission and primary
distribution grids. The highly customised, high-tech products
serving this market include cables insulated with oil or
fluid-impregnated paper for voltages up to 1,100 kV and
extruded polymer insulated cables for voltages up to 500
kV. Prysmian also provides a number of services relating
to power transmission systems, including installation and
post-installation services, grid management and maintenance
services, including grid performance monitoring, grid cable
repair and maintenance, as well as emergency services,
such as reinstatement of service following damage. In
addition, Prysmian Group engineers, produces and installs
turnkey submarine cable systems for power
transmission
and
distribution
. The products offered include cables with
different types of insulation (cables insulated with oil or
fluid-impregnated paper for transmission of up to 500 kV AC
and DC; extruded polymer insulated cables for transmission
of up to 400 kV AC and up to 300 kV DC). The Group - able
to offer solutions satisfying the most stringent international
standards (SATS/IEEE, IEC, NEK) - uses specific technologies
for power transmission and distribution in underwater
environments. Prysmian also produces medium voltage cables
and systems to connect industrial and/or civilian buildings
to primary distribution grids and low voltage cables and
systems for power distribution and the wiring of buildings.
All the products offered comply with international standards
regarding insulation, fire resistance, smoke emissions and
halogen levels. Lastly, the Group also makes accessories such
as joints and terminations for low, medium, high and extra
high voltage cables, as well as accessories to connect cables
with each other and with other network equipment, suitable
for industrial, construction or infrastructure applications and
for power transmission and distribution systems.
