The strong sales growth was accompanied by the jump of over 50% in net profit and cash generation and debt reduction.
Supporting R&D plans focused on the implementation of innovative technologies, contributing to strengthening digitalisation processes, while cutting emissions to facilitate the energy transition: these are the aims of the new €120 million loan granted by CDP to Prysmian Group.
Prysmian Group has been awarded contracts worth approximately €1.8 billion in aggregate by the Dutch transmission system operator TenneT for the two grid connection projects IJmuiden Ver Alpha and Nederwiek 1.
Prysmian Group will showcase its full range of technologies at Genera 2023, International Energy and Environment Fair taking place in Madrid from February 21 to 23, 2023 (stand 10D17).
Prysmian Group announces the successful completion of the cable laying and burial operations for the submarine power interconnection between Ibiza and Formentera.
Prysmian Group launches the Global Sustainability Academy involving 29,000 employees in over 50 countries.
Alongside specific initiatives for each country in which it operates, the company has launched, globally, the innovative share incentive plan, called BE IN, potentially benefiting more than 26,000 employees, blue- and white-collar workers. The aim is to share the value created with all people working in the Group, not just a few.
Prysmian Group announces an investment in a new cutting-edge cable-layer plus adjustment for cables equipment.
Scope of work: laying 134 km route of DC submarine cable system
Sales at €12,089M, organic growth at +15.0% (+16.2% in Q3)
"The need of connection and infrastructure is globally undeniable and unavoidable", says Prysmian.
Prysmian Group has been awarded a contract to provide inspection, maintenance and repair services for the submarine export power cable links connecting three offshore wind farms to the mainland.
Each of the cable systems consists of 2 HVDC cables and can transmit 900 MW power.
This achievement will put Prysmian Group in a unique position to support the forthcoming tenders for submarine interconnectors aimed at granting efficiency, flexibility and reliability of power grids.
The Brayton Point site will become a production hub for the U.S. offshore wind industry and will have the capacity to create highly skilled local jobs in an exciting and currently growing sector.
The submarine cables will be manufactured in Norderham Plant (Germany) and Pikkala Plant (Finland), two of the Group's centres of technological and manufacturing excellence for submarine cables
The main objective of the plan is, in particular, to share with a broad base of employees, mainly blue collar workers, the creation of value that the Group will be able to generate in the coming years.
New submarine cable factory in the US and production capacity expansion at the Italian, Finnish and French plants announced at Prysmian Group Submarine Cable Day in Naples.
The project shall deliver the cable connection along a route which runs between the UK converter station located on the Isle of Grain in Kent (UK), passing through UK, Dutch and German waters to the landing point in Lower Saxony in Germany to connect with the converter station near Wilhelmshaven.
Finalisation of the plans for the US localisation of the production footprint of submarine cables also entails confirmation of the award of the projects for cabling the Commonwealth Wind and Park Wind City offshore wind projects.
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