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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 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.

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€529 M
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).

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

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23.1%

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

46%

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).

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46%

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).

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

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-10%
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.

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Our strategy

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.

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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

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%

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
The expected Free Cash Flow for 2027, € 950 billion, is roughly 31% higher than the final 2023 figure of € 724 million.
25%-28%
The forecast 2027 ROCE should fall between 25% and 28%, an improvement on the 23.1% result of 2023.

45%-50%

With the GROW, YES and BE IN plans, Prysmian is encouraging a stable and ever increasing participation of employees in the company’s share capital. In this way, the company hopes to increase the participation, engagement, sense of belonging and business understanding of the company’s population, ensuring that the interests of shareholders, customers and employees converge over time, and reinforcing the internal perception of Prysmian as a single and unique enterprise, truly “One Company”.

50%

Prysmian believes in the idea that gender equality is, first and foremost, a topic of ethical fairness, but it's more than just that. The company is convinced that fostering a more balanced and inclusive workplace leads to increased innovation and productivity. These are the reasons why, in contrast with the global trends regarding female employment in the STEM professions that have historically been dominated by men, Prysmian encourages greater participation of women by aiming for gender balance in desk worker hires.

-45%

Prysmian’s climate strategy adopts science-based targets aligned with the Paris Agreement climate objectives. Specifically, with reference to Scope 1 and 2 GHG emissions, i.e. those generated by direct activities, the company has set the goal of reducing them by 45% within 2027 compared to the figures recorded in 2019, earlier than the timeframe approved by SBTi.

-23%

Prysmian’s climate strategy adopts science-based targets aligned with the Paris Agreement climate objectives. In particular, with reference to Scope 3 GHG emissions, i.e. those generated by indirect activities, the company has set the goal of cutting them by 23% within 2027 compared to the figures recorded in 2019, earlier than the timeframe approved by SBTi.

Learn more about our goals to 2027.

Climate Change and Social Ambition

Becoming a global leader in sustainability

In 2021, we set challenging new climate and social goals aimed at promote the transition to a low-carbon world and a more equitable and inclusive.

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Take a closer look at the results achieved in 2023

Economic-Financial Performance

ESG Performance