普睿司曼前三季度报.pdf

PRESS RELEASE PRYSMIAN S.P.A. NINE-MONTH RESULTS 2014 PRYSMIAN S.P.A. NINE-MONTH RESULTS 2014 SLIGHTLY POSITIVE ORGANIC GROWTH, CONTINUED INCREASE IN TELECOM VOLUMES GOOD PERFORMANCE BY POWER TRANSMISSION, PARTICULARLY SUBMARINE CABLES (EXCLUDING WESTERN LINK) ADJ EBITDA IN LINE WITH 9M 2013 (EXCLUDING WESTERN LINK) NET PROFIT UP LAUNCH OF SHARE BUY-BACK PROGRAMME FY 2014 GUIDANCE CONFIRMED. ADJ EBITDA AT LOWER END OF TARGET RANGE €506M–€556M (€600M-€650M EXCLUDING WL) NINE-MONTH RESULTS 2014  SALES : €5,014 MILLION (ORGANIC GROWTH +0.2% ON 9M 2013; +1.7% EXCLUDING WESTERN LINK) 1  ADJ EBITDA : €355 MILLION (-19.8% ON 9M 2013); €438M EXCLUDING WESTERN LINK (-0.9% ON 9M 2013) 2  ADJ OPERATING INCOME : €249 MILLION (-25.3% ON 9M 2013); €332M EXCLUDING WESTERN LINK (-0.3% ON 9M 2013) 3  ADJ. NET PROFIT : €134 MILLION (-25.1% ON 9M 2013); €191M EXCLUDING WESTERN LINK (+6.7% ON 9M 2013)  NET FINANCIAL POSITION: €1,292 MILLION (€1,193MAT 30 SEPTEMBER 2013) Milan, 6/11/2014. The Board of Directors of Prysmian S.p.A. has approved today the Groups consolidated results for the first nine months of 2014. The results for the first nine months of 2014 show generally stable profitability, excluding the adverse impact of the Western Link project, explains CEO Valerio Battista. The pace of volume recovery in the telecom cables business continues to exceed expectations, while the building wires market is showing a slight improvement in trend. For the fourth quarter, we expect high voltage and oil industry cables to make a bigger contr