First Half 2021
Financial
Results
Milan, 28 July 2021
1H 2021 | Financial | ESG | Appendix |
Highlights | Results |
2
1H 2021 Key highlights
SOLID PERFORMANCE CONTINUED IN Q2: +16.9% org. growth*
Strong recovery of Telecom and Energy Business driven by T&I, OEM & Renewables and Automotive
RESILIENT MARGINS: 7.8% Adj EBITDA Margin
Solid volume trend, cost efficiency and price management to balance raw materials cost inflation.
Negative forex impact (-22 €M).
NEW ORDERS ACCELERATING IN PROJECTS BUSINESS
More than 1.2 €Bn of new orders in H1
LEONARDO DA VINCI
The world's most advanced cable-laying vessel entering in operation to support the Energy Transition
Highest carousel capacity in the market Highest pulling/towing capacity in its class Deepest power cable installations up to 3,000 meters
© Prysmian Group 2021 | * Organic growth YoY ex Projects | 3 |
More than 1.2 €Bn of new orders in H1
1 SOO Green HVDC Underground Link (~ 900 $M cables) The biggest single project ever awarded to Prysmian
2 Sofia offshore wind project (~ 240 €M)
440 km of HVDC submarine export cables and 15 km of land cables for the 1.4 GW Sofia Offshore Wind Farm
project
3 Turkish Crossing (~140 €M)
Two HV submarine power cable links, one between Europe and Asia, the other across the Izmit Gulf in Asia
4 Ibiza - Formentera link (~ 46 €M)
Two HVAC 132 kV three-core export submarine power cables with XLPE insulation
© Prysmian Group 2021 | 4 |
1H 2021 Financial highlights
SALES
SALES | ORGANIC GROWTH* |
6,034 €M 10.5%
SOLID ORGANIC GROWTH
+15.5% Telecom, recovery confirmed by a strong Q2 (19.6%)
+10% E&I, mainly driven by T&I (38.5% in
Q2)
+9.3% Industrial & NWC driven by OEM & Renewables and Automotive
ADJ. EBITDA
ADJ. EBITDA | ADJ. EBITDA MARGIN |
470 €M | 7.8% |
RESILIENT MARGINS
Energy Business Adj. EBITDA higher than pre-Covid 19 level
Resilient margins despite raw material increase thanks to efficiency initiatives
Sound volume and strong efficiency measures in Telecom
Negative forex impact (-22 €M)
FREE CASH FLOW
FCF LTM | NET DEBT |
447 €M | 2,387 €M |
FREE CASH FLOW
447 €M of FCF LTM excluding antitrust and acquisition cash-out
© Prysmian Group 2021 | * Organic growth ex Projects | 5 |
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Prysmian S.p.A. published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 15:33:28 UTC.