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Prysmian: less profit in 2013, but also less debt

The group closes the year with numbers down compared to 2012 – Targets achieved despite the difficult market and the negative impact of exchange rates – Stock falls in Piazza Affari

Prysmian: less profit in 2013, but also less debt

Prysmian closed 2013 with group revenues of 7,273 billion, with a negative organic change of 3,1% compared to 2012, on a like-for-like basis and net of changes in the price of metals and exchange rates.

Adjusted EBITDA fell by 5,5% to 612 million, negatively impacted by 23 million by the exchange rate effect, while adjusted net profit amounted to 268 million (-4,3%).

At the next shareholders' meeting, the Board will propose the distribution of a unit dividend of 0,42 euro per share.

Around 17 pm the stock on the Stock Exchange drops by 4,62% with a valuation of 18,17.

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