07/31/2020

Prysmian Group Publishes Results for the First Half of 2020

"The responsiveness and flexibility of our supply chain, paired with the high level of differentiation of the markets in which we operate, have enabled us to respond forcefully to the effects of the Covid-19 pandemic," says Chief Executive Officer Valerio Battista

Official Press Release Prysmian Group:

Results for the First Half of 2020

Wind Industry Profile of

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

The Board of Directors of Prysmian S.p.A. has approved today the Group’s consolidated results for the first half of 2020. Sales at €4,985M (-11.8% organic change). As expected, the Covid-19 crisis mainly impacted the Trade & Installers business (-16.3%) linked to the construction sector, after a strong start. The... ... More: Official Press Release Prysmian Group