Prysimian continues with healthy growth

ERJ staff report (DS)

Milan, Italy – Prysimian SpA, the former Pirelli Cables business – has reported healthy results for the 12 months ended December 2008, despite a deterioration of business in the second half.

The company marginal increase in sales to euro 5144 million from euro 5118 million. Operating income fell by around 10 percent, to euro 448 million from euro 508 million. Net income remained positive at euro 235 million, compared with euro 302 million a year ago.

Prysimian said, “The year 2008 witnessed a steady…

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