2024-03-01
http://w3.windfair.us/wind-energy/news/45968-prysmian-guidance-electrification-confirmation-cables-sales-growth-projects-marine-grid-vineyard-1-offshore-wind-farm

Prysmian: full year 2023 guidance confirmed

Image: Prysmian GroupImage: Prysmian Group
The Board of Directors of Prysmian S.p.A. has approved today the Group's consolidated results for the first nine months of 2023.

Official Press Release Prysmian Group:

Strong results driven by energy transition and electrification

Wind Industry Profile of
Strong results driven by energy transition and electrification

Full year 2023 guidance confirmed

Business Highlights Strong sales growth and significant profitability increase in the Projects business driven by smooth execution and projects with higher margin. €13BN new orders awarded Year To Date Vineyard Wind 1, the first utility scale offshore wind farm in the USA, successfully completed Sound profitability improvement in the Energy Business. Grid hardening keeps driving Power Distribution and Overhead Lines Positive performance across all cable applications drives margins improvements in the Industrial & NWC Business Volume slowdown in Telecom, mainly driven by US market Key Financial Highlights Sales at €11,825M, organic... ... More: Official Press Release Prysmian Group

Keywords:
Prysmian, guidance, electrification, confirmation, cables, sales, growth, projects, marine, grid, Vineyard 1, offshore, wind farm







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