Prysmian S.p.A, First Half 2007 Results – Record Growth in Profitability and Cash Flow – Net Income Almost Doubled (+97.5%)

We are pleased to release a Prysmian Release about First Half 2007 Results, and the very impressive figures generated by the end of the second quarter.  The introduction to the press release is below 

Milan, 11 September 2007 – The Board of Directors of Prysmian S.p.A., a worldwide leading group in the energy and telecommunications cables industry, approved today its financial results for H1 2007.  

“The first half 2007 results continue to demonstrate Prysmian’s ability to combine business growth and close attention to profitability, confirming the effectiveness of its strategy of focusing on high added-value segments and strengthening its presence in countries with high prospects of growth and profitability,” stated Chief Executive Officer Valerio Battista. “In line with our strategy, in the last few months, we have carried out two new acquisitions in the Asia-Pacific area: Nicco Cables in India and International Wire & Cable in New Zealand, which demonstrate our ability to take advantage of new development opportunities. Based on the excellent results achieved in the first half, we expect to confirm a solid trend of organic sales growth also in the second half of the year, targeting an adjusted EBITDA well in excess of €500 million for the full year 2007”.  

THE FULL PRESS RELEASE CAN BE DOWNLOADED BY CLICKING THE LINK BELOW

http://www.thecabledirectory.com/listing-pic/prysmian_PR_HY_ENG.pdf 

The Press Article will feature in our on-line news portal, newsletter, on-line blog and will be the featured story in the web-site for the week.  This gives you a readership of over 100,000 Industry Professionals per release.  If you click the link below you can read all the Prysmian Press Releases so far… 

http://www.thecabledirectory.com/prysmian_press-releases.htm 


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