INSIGHT Issue 4|2014

3 16

The first nine months of 2014 showed a degree of organic
growth (+0.2%) with profitability remaining stable (excluding the
extraordinary Western Link effect), which means that Prysmian
Group can confirm its full-year target. The Western Link project is
on track and the Group does not foresee any additional costs or
delays, after the technical problems encountered earlier this year.
In the Focus On section of this Insight, we look at the
reorganisation of Prysmian in Europe, with the establishment of
three new regions, and the continuous and increasing effort of
the Group in the field of education, training and talent breeding.
The three new European regions – Northern Europe, including
the Nordic countries and Russia, Central Europe, including
Germany and the Danube area, and Southern Europe, including
Spain and France – have been identified on the basis of clear
signals coming from the markets in terms of integration, and
similarities in product standards and business models. Italy, UK
and the Netherlands will stand alone because of their unique
requirements. The goal is to speed up decision-making processes
and streamline internal connections in order to improve flexibility,
enhance competitiveness and fully exploit business opportunities.
Our Global Scenario section is devoted to the fast growing market
in Turkey, as Prysmian celebrates the 50th year of its presence in
the country. Prysmian’s success in Turkey is thanks to its ability
to act as a solution provider rather than just a product supplier.
Hans Hoegstedt, CEO of Prysmian Group Turkey, tells Insight
about this success and explains how to become even more
competitive in this challenging environment.
Editorial Team - INSIGHT
On track, getting ready
to deliver
INSIGHT is the quarterly review of Prysmian
Group created and published by the Corporate
& Business Communications Dept.
For information:
Contents
Quarterly overview
Focus on
Global scenario
Doing business
Getting things done
EDITORIAL COLUMN
3 Prysmian Group Insight