Sustain,
to Lead

Every decision and measure we take is driven by our commitment to steer the market toward sustainable development, the sole viable path. Sustainability is not only our approach to business management, but a duty we owe to future generations.

We want to be a global player with a key role in the decarbonization process, and we intend to do so by promoting sustainable growth for people and the planet.

Our 2023 figures

€1,628 M

Adjusted Ebitda

Adjusted EBITDA rose 9.4% to € 1,628 million, with margins sharply improved at 10.6% compared to 9.3% in 2022. Considerable improvement in Business Projects with an adjusted EBITDA up 23.5% to € 300 million, thanks to the outstanding execution and projects with higher margins.

€529 M

Net Profit

Net profit increased by 7.5% to € 547 million (€ 509 in 2022). Net profit attributable to owners of the Parent totaled € 529 million (€ 504 million in 2022). This result is particularly positive considering the negative impacts arising from the € 168 million write-down of the investment in Yangtze Optical Fiber (YOFC) and the € 42 million write-down of the fiber plant in Battipaglia (Italy).

€724 M

Free cash flow

The free cash flow came to € 724 million, up 29.5% (€ 559 million in 2022), well above the high guidance value (€ 550-650 million).

23.1%

Roce

As at 31 December 2023, ROCE was 23.1%, above the high guidance value announced during Capital Markets Day (21%-23%).

46%

EMPLOYEE SHAREHOLDERS

The number of employees with Prysmian shares deposited in company administrative accounts through GROW, YES and BE IN plans out of the total employees eligible to participate in at least one of the plans recorded 9% growth in 2023 (37% in 2022).

46%

WOMEN DESK WORKERS HIRED

In 2023, the share of women desk workers hired with permanent contract compared to the total desk workers hired with permanent contract increased slightly 1% more than the previous year (44.9% in 2022).

-33%

SCOPE 1&2 GHG EMISSIONS VS 2019

In 2023, Scope 1 and Scope 2 greenhouse emissions (market-based) generated, totaling 616 ktCO2eq, posted a 33% drop compared to the 2019 baseline.

-10%

SCOPE 3 GHG EMISSIONS VS 2019

Indirect Scope 3 GHG emissions, generated by sources neither owned nor controlled by Prysmian but instead generated downstream as a consequence of its activities, recorded 267 MtCO2eq during 2023. This figure is constantly falling compared to 2019 (-10%), year of reference, serving as proof of the undertaking the Group puts forth in the fight against climate change.

Today we are leader in the cable industry, but by 2027 we aim to become the global supplier of cabling solutions thanks to the “CONNECT, TO LEAD” strategy.

Business Strategy

Connect, to Lead

We create value for our stakeholders

Connectivity is the thread linking people, communities and the global economies. We want to connect the world and together lead the energy transition and digital transformation.

Find out more

Sustainability Strategy

Sustain, to Lead

Prysmian’s approach to sustainability

Our strategic approach integrates the concept of sustainability in every aspect of company activity, creating tangible value for customers, communities and territories. To be true leaders of change.

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Our 2027 goals

€2 B

ADJUSTED EBITDA
± €M100

The expected adjusted EBITDA for 2027, € 2 billion, is roughly 23% higher than the final 2023 figure of € 1,628 million. This growth is particularly expected due to a considerable improvement in the Transmission and Power Grid segment.

>10%

EPS CAGR 2022-2027

The increase in adjusted EBITDA will turn into an increased net profit attributable to owners of the Parent, which all allow the profit per share to be increased at a compound annual growth rate higher than 10%.

€950 M

FREE CASH FLOW
± €M50

The expected Free Cash Flow for 2027, € 950 billion, is roughly 31% higher than the final 2023 figure of € 724 million.

25%-28%

Roce

The forecast 2027 ROCE should fall between 25% and 28%, an improvement on the 23.1% result of 2023.

45%-50%