In the CEO’s opinion
Approaching ten years since Prysmian went public on the Milan Stock Exchange, we recorded an all-time high in terms of profitability in 2016. Adjusted EBITDA rose more than 14% to reach €711 million, with the target achieved at the high-end of the guidance range.
This is a proud moment for the Group, and CEO Valerio Battista reflects on his own pride at heading a record-breaking company. He notes, "We have closed 2016 on a note of profitability” and explains that the jump in profit was thanks to “the excellent sales performance in higher value-added businesses”, and “fostered by the company’s focus on operational efficiency and manufacturing footprint optimization”.