Q3 2021 Prysmian SpA Interim Management Statement Call Transcript

Nov 11, 2021 / 03:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to the Prysmian Group 9 Months 2021 Financial Results Call. (Operator Instructions)

Just to remind you all, this call is being recorded.

I would now like to hand over to the Chairperson, Mr. Valerio Battista, CEO of Prysmian Group. Please go ahead.

Valerio Battista - Prysmian S.p.A. - CEO & Executive Director

Thank you very much, and good afternoon to all the audience. Welcome to the 9 months 2021 report of Prysmian Group.

Okay. Let's go immediately to the Page #3, the key highlights of the first 9 months. The performance has been good with a solid organic growth of 13.2% with a significant recovery across all the business.

The margins have set again at history increase as well, 7.8% adjusted EBITDA margin versus the 9% of 2020. But if we consider the metal price that has been inflated -- has been inflated top line, the real margins could have been 8.6%. Record backlog and order intake in the quarter. We have a EUR 4 billion order backlog.

Let me remember that

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