2021-06-22
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Newsarchive - Prysmian Group

Prysmian Group Awarded $900M SOO Green HVDC Link Project, a Key Milestone in Building a US Clean Energy Grid

Prysmian Group Awarded $900M SOO Green HVDC Link Project, a Key Milestone in Building a US Clean Energy Grid

06/21/2021

Partnership brings new HVDC transmission cable manufacturing capacity & jobs to the US

Prysmian: new Submarine Power links in Turkey to connect Asia and Europe

Prysmian: new Submarine Power links in Turkey to connect Asia and Europe
06/18/2021

€140 m contract awarded by TEIAS, the Turkish electricity transmission corporation company / Group's undisputed leadership and market's trust confirmed also following successful execution of other submarine links along the same route

SOLID START TO THE YEAR. SALES RECOVERED

SOLID START TO THE YEAR. SALES RECOVERED
05/17/2021

SALES €2,810M, ORGANIC CHANGE AT +4.6%1 / ADJUSTED EBITDA ROSE TO €213M, MARGINS STABLE AT 7.6% / ENERGY BACK TO PRE-PANDEMIC LEVELS, WITH A +3.4% ORGANIC GROWTH / TELECOM RECOVERED SHARPLY WITH A +11.4% ORGANIC GROWTH / PROJECTS EXPECTED TO IMPROVE IN H2 / SOLID CASH GENERATION: LTM FREE CASH FLOW AT €553M2 / INCREASED CONFIDENCE IN FY 2021 TARGETS

Prysmian Group bets on Diversity & Inclusion to enhance its “human capital”

Prysmian Group bets on Diversity & Inclusion to enhance its “human capital”
05/12/2021

Managers’ variable remuneration linked to the increase in the number of women hired for the improvement of the gender balance / New international Steering Committee formed / From 17 to 21 May, Prysmian will host its “eNclusion Week”: a five-day digital event with over 50 meetings and workshops at global level

Prysmian Group to launch ECO CABLE the first certifiable green product label in the cable industry for the energy transition

Prysmian Group to launch ECO CABLE the first certifiable green product label in the cable industry for the energy transition
05/04/2021

Based on recognized and measurable criteria, the ECO CABLE label helps Utilities and Distributors strengthen their green supply chain and value proposition

Shareholders Meeting: 2020 Financial statements approved

Shareholders Meeting: 2020 Financial statements approved
04/29/2021

Dividend of €0.50 per share for a total of some €132 million / Board of Directors appointed for the next 3 years / Extension of the share participation plan in favour of Prysmian employees / Remuneration policy report approved with approximately 87% of votes and favourable vote cast on the report on compensation paid / Authorisation to convert the equity-linked bond issued on 2 February 2021 granted and share capital increase in service of the conversion of the bond approved

Prysmian Group’s 2020 Disclosure of Non-Financial Information and SASB Report

Prysmian Group’s 2020 Disclosure of Non-Financial Information and SASB Report
04/09/2021

Improved environmental and social performances Over €10BN economic value generated 48% of sales from low-carbon enabling products* in 2020 / New science-based CO2 emissions reduction target: Net Zero between 2035 and 2040 (Scopes 1 and 2)

Successful completion of the first ever submarine interconnection between the island of Crete and mainland Greece

Successful completion of the first ever submarine interconnection between the island of Crete and mainland Greece
04/02/2021

Record water depth installation for the innovative non-metallic armour cable / The trustful relationship with IPTO and the Group’s consolidated project execution capabilities were key to success

Prysmian finalizes the contract with RWE for Sofia offshore wind farm project worth over €200 M

Prysmian finalizes the contract with RWE for Sofia offshore wind farm project worth over €200 M
03/30/2021

Prysmian was selected as preferred bidder in November 2020 / First ever offshore wind farm project for the new Leonardo da Vinci cable-laying vessel

Press release results at 31 December 2020

Press release results at 31 December 2020
03/11/2021

Profitability targets achieved, demonstrating resilience in the year of Covid-19 / Acceleration on ESG and climate change, Prysmian adopts science-based targets (1.5°), with net zero goal by 2040 (scope 1 and 2) / Proposed dividend pay-out rises to €0.50 per share

Prysmian confirmed as RTE’s major partner in the upgrade of french power transmission grids

Prysmian confirmed as RTE’s major partner in the upgrade of french power transmission grids

02/18/2021

New framework agreement signed for HVAC underground cable systems

Prysmian S.p.A. Board approves own list of candidates for the 2021-2023 board term with Valerio Battista as CEO and Claudio De Conto as Chairman

Prysmian S.p.A. Board approves own list of candidates for the 2021-2023 board term with Valerio Battista as CEO and Claudio De Conto as Chairman

02/04/2021

New management structure to capture opportunities of Energy and Digital Transition

Prysmian's Flagship Energy Transition Cable Plant to Become Group's First Net-Zero Factory

Prysmian's Flagship Energy Transition Cable Plant to Become Group's First Net-Zero Factory
01/25/2021

Pikkala, Finland, is a centre of excellence for high-tech power transmission and distribution cable / The Group confirms its commitment to reduce CO2 emissions

Prysmian Group completes the acquisition of EHC Global

Prysmian Group completes the acquisition of EHC Global
01/11/2021

Prysmian Group announces that it has completed the acquisition of EHC Global, leading manufacturer of strategic components and integrated solutions for the vertical transportation industry.

Prysmian Group to deploy Sirocco Extreme micro-cables for sustainable networks and product circularity

Prysmian Group to deploy Sirocco Extreme micro-cables for sustainable networks and product circularity

12/17/2020

World-first installation of a 180µm optical fibre cable in Germany

Prysmian Group Accelerates in Race to Net Zero CO2 Emission

Prysmian Group Accelerates in Race to Net Zero CO2 Emission

11/25/2020

€450m investment by 2022 to support sustainability, energy transition and digitalization

Prysmian signed preferred bidder agreement for Sofia offshore wind farm project worth over €200 M

Prysmian signed preferred bidder agreement for Sofia offshore wind farm project worth over €200 M
11/18/2020

As the farthest from shore single offshore wind farm, it will require more than 440 km of HVDC submarine export cables / First ever offshore wind farm project for the Leonardo da Vinci cable-laying vessel

Prysmian confirmed with improved scoring on the Dow Jones Sustainability World Index

Prysmian confirmed with improved scoring on the Dow Jones Sustainability World Index

11/16/2020

CEO V. Battista “We are strongly committed to support the transition to renewable energy sources by making available the best cable technology”

Prysmian Publishes Q3 Results

Prysmian Publishes Q3 Results

10/30/2020

Results improved in Q3 / High resilience of the Energy business / Positive performance of Renewables and Onshore Wind in North America

Prysmian Group and Umicore committed to improving environmental performance throughout the supply chain

Prysmian Group and Umicore committed to improving environmental performance throughout the supply chain

10/27/2020

Renewed partnership for the use of 100% sustainable, low environmental impact germanium in the production of optical fibre

Prysmian Group joins the 50 Sustainability & Climate Leaders Project

Prysmian Group joins the 50 Sustainability & Climate Leaders Project

09/09/2020

Cable and optical fibre technology are key for the energy transition and digitalisation

Prysmian Group confirmed in FTSE4Good Index. Improved the Sustainability

Prysmian Group confirmed in FTSE4Good Index. Improved the Sustainability

08/31/2020

Better positioning also in EcoVadis Index, achieving Platinum Level Recognition

Results for the First Half of 2020

Results for the First Half of 2020
07/31/2020

Results confirm strong resilience and solidity. Positive performance of Energy & Infrastructure driven by Onshore Wind, in North America / Stable margins, robust financial structure thanks to cost containment measures. Ongoing deleverage thanks to the strong cash generation / Prysmian Powerlink plays a major role in the energy transition. Record order book at €3.8BN, after securing approximately 50% of German Corridors

New organisation and management appointments for Prysmian Projects BU Focus on energy transition and execution of German Corridors cable projects

New organisation and management appointments for Prysmian Projects BU Focus on energy transition and execution of German Corridors cable projects
07/23/2020

H. Ozmen, EVP Projects BU: “We have all the assets, technologies and people to support the upgrade of global power grids infrastructures”

Prysmian completes perfect hat trick with SuedLink Corridor in Germany

Prysmian completes perfect hat trick with SuedLink Corridor in Germany
06/29/2020

Group awarded contracts in excess of €800M for the largest ever cable project / ±525 kV HVDC cable system to provide reliable and eco-friendly power transmission / Prysmian delivering on energy transition with main share of all German DC corridors

Ailes Marines selects Prysmian to provide the submarine inter-array cables for the Offshore wind farm in Saint-Brieuc

Ailes Marines selects Prysmian to provide the submarine inter-array cables for the Offshore wind farm in Saint-Brieuc

05/28/2020

The €80 M award confirms the role of Prysmian Group in enabling the energy transition in France

Prysmian Group focuses on energy transition: 50% sales from low-carbon products by 2022

Prysmian Group focuses on energy transition: 50% sales from low-carbon products by 2022
05/25/2020

New three-year sustainability targets set. Commitment to environmental impact reduction, sustainable technological innovation, diversity & inclusion and impact on communities

Prysmian finalises the agreement with Vattenfall for the first subsidy-free offshore wind project

Prysmian finalises the agreement with Vattenfall for the first subsidy-free offshore wind project

05/20/2020

66 kV inter-array cable systems for the Hollandse Kust Zuid 3 & 4 wind farm

Prysmian S.p.A Q1 2020 Financial Results

Prysmian S.p.A Q1 2020 Financial Results
05/13/2020

Results for the quarter confirm a solid start of the year but impacts of Covid-19 as of the second half of March / German Corridors projects for over one billion euros already awarded to Prysmian, confirming its role as energy transition enabler / Solidity of the economic and financial structure and confirmation of the Group’s cash generation capacity / The Anti Covid-19 measures promptly taken focus on people safety, supply chain reactiveness, business protection, and mitigation of economic and financial impacts

Prysmian wins again - securing over €500M contract for A-Nord power cable link in Germany

Prysmian wins again - securing over €500M contract for A-Nord power cable link in Germany
05/11/2020

Amprion selects ±525 kV HVDC extruded cable system, providing reliability and sustainability / Energy transition confirmed as a major driver of growth

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