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PRYSMIAN GROUP | DIRECTORS’ REPORT
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REVIEW OF ENERGY PROJECTS OPERATING SEGMENT
(*)
The originally published 2013 figures have been restated following the introduction of IFRS 10 and IFRS 11 and a new method of
classifying the share of net profit (loss) of associates and joint ventures.
(1)
This refers to the acquisition in November 2012 of Global Marine Systems Energy Ltd (now renamed Prysmian PowerLink Services
Ltd) from Global Marine Systems Ltd.
The Energy Projects Operating Segment encompasses the following high-tech businesses whose focus is
on projects and their execution, as well as on product customisation based on specific customer
requirements: High Voltage underground, Submarine and SURF (umbilicals, flexible pipes and special DHT -
Downhole Technology - solutions for the oil industry). The Group engineers, produces and installs high and
extra high voltage cables for electricity
transmission
both from power stations and within transmission and
primary distribution grids. These highly specialised, high-tech products include cables insulated with oil or
fluid-impregnated paper for voltages up to 1100 kV and extruded polymer insulated cables for voltages up to
500 kV. These are complemented by laying and post-laying services, grid monitoring and preventive
maintenance services, power line repair and maintenance services, as well as emergency services, including
intervention in the event of 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