Prysmian - 1Q17 - Project phasing in submarine drive down 1Q results
Prysmian, the world largest cable manufacturer, has released mixed 1Q17 results with organic sales down 3.7% yoy to €1.85bn. Most of this downturn came from the Energy project division (21% o...
Prysmian and its subsidiaries produce, distribute and sell cables and systems and related accessories for the energy and telecommunications industries. Co. operates in two segments. The energy segment includes utilities, which organized in four lines of business, comprising high voltage, power distribution, accessories and submarine; trade and installers; industrial; and other, such as sales of residual products. The telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment is organized in the following lines of business: optical fibre, optical cables, connectivity components and accessories, Optical Ground Wire and copper cables.
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