Strong set of H1 2016 financials for Prysmian

摘要

Italy's Prysmian posted healthy financial results for H1 2016 with a 44% y/y increase in group netincome to ?115 million ($127 million), on net sales of ?3.78 billion ($4.17 billion), up 1% y/y. Operatingincome rose 25% y/y to ?217 million ($239 million).The execution of a large number of projects currently in the order book has led to a significant jump inrevenue for the Energy Projects segment, reflecting not only positive performance by submarinecables and systems but also excellent high voltage underground sales. In the Energy Products group,Energy & Infrastructure reported a slight drop in sales (-1.1%) partly due to the group's decision tofocus on the profitability of Trade & Installers product mix. The Industrial cables business (-1.5%) saw