Prysmian Group Publishes Strong Results for the First Half of 2019

Image: Prysmian GroupImage: Prysmian Group
The company has won several important offshore wind farm projects such as Vineyard in the USA and Dolwin5 in Germany during the latest months

Official Press Release Prysmian Group:

Prysmian Group: Strong Results for the First Half of 2019

Wind Industry Profile of
Prysmian Group: Strong Results for the First Half of 2019

The Board of Directors of Prysmian S.p.A. has approved today the Group’s consolidated results for the first half of 2019.

Sales at €5,849M (+1.9% organic growth), with strong growth in North America (+4.7%) Excellent performance in Telecom (+7.9%); positive trend in Energy & Infrastructure (+3.1%) Adjusted EBITDA increased to €521M (+26.2% vs H1 2018), 8.9% ratio to Sales (7.1% in H1 2018) Improved profitability: solid trend in Energy & Infrastructure; strong growth in optical cables and MMS Viking Project awarded to Prysmian for about €700M; projects awarded in the first 7 months worth €1.1BN Net profit has doubled to €192M (€80M in H1 2018) FY19 guidance confirmed... ... More: Official Press Release Prysmian Group

Prysmian Group, results, half, 2019, sales, growth, Energy, Infrastructure, Viking Link, cables, offshore, General Cable

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