Sound margins growth & robust money era.

EMARKABLE PERFORMANCE IN 2023:  Adj Ebitda at €1,628M (+9.4% vs 2022), with bettering margins at 10.6% (9.3% in 2022) Group web revenue enhance to €529M (€504M in 2022) Sturdy money era with Free Money Move at €724M (+29.5% vs 2022) RECORD BACKLOG IN TRANSMISSION OF €18 BILLION INCREASED 2030 EMISSION REDUCTION AMBITION (SCOPE 1&2) TO 55-60% FROM 47%[1] PROPOSED DIVIDEND INCREASE TO €0.70 PER SHARE (+16.7% VS 2022) FY 2024 OUTLOOK: Adj Ebitda anticipated within the vary of €1,575M–€1,675M Free Money Move anticipated within the vary of €675M–€775M Scope 1&2 GHG emission discount of 36% and Scope 3 discount of 13% vs 2019

Valerio Battista, Chief Government Officer (CEO), commented: “The sound margins growth and the robust money era achieved in 2023 confirmed Prysmian’s resilience and the market main place, because of our full and balanced portfolio effectively uncovered to the structural tendencies of the electrification and the power transition. In a difficult surroundings, we achieved as soon as once more a wonderful efficiency and ensured worth creation to all our stakeholders. 2023 was my final 12 months as CEO of Prysmian, and I’m extremely pleased with the corporate we have now constructed over the previous 20 years, a powerful organisation that’s main the trade, and that has the know-how and sources to capitalize on thrilling market alternatives and breaking new data 12 months after 12 months”

Massimo Battaini, CEO-designate, said: “At our Capital Markets Day we laid out our “Join, to Lead” technique geared toward capitalizing on the Group’s main market place to grab the alternatives offered by present market tendencies. We have now reshaped our enterprise into 4 new segments, efficient from 1st January 2024 to raised seize these alternatives. We proceed to be on the forefront of innovation, because of our unparalleled R&D capabilities and our deep understanding of the evolving market dynamics. In gentle of our stable backlog throughout all segments, we’re assured of attaining 2024 targets and are effectively on monitor to ship the mid-term targets outlined on the CMD. I sit up for driving this firm and our nice group to the subsequent degree and to strengthening our position as world cabling resolution supplier main the Vitality Transition and Digital Transformation”.