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Prysmian Group ■ ■ ■ PRESS RELEASE SOLID START TO THE YEAR . SALES RECOVERED SALES € 2,810M , ORGANIC CHANGE AT + 4.6 % ¹ ADJUSTED EBITDA ROSE TO € 213M , MARGINS STABLE AT 7.6 % ENERGY BACK TO PRE - PANDEMIC LEVELS , WITH A + 3.4 % ORGANIC GROWTH TELECOM RECOVERED SHARPLY WITH A + 11.4 % ORGANIC GROWTH PROJECTS EXPECTED TO IMPROVE IN H2 SOLID CASH GENERATION : LTM FREE CASH FLOW AT € 553M² INCREASED CONFIDENCE IN FY 2021 TARGETS FINANCIAL RESULTS Milan , 13/05/2021 . The Board of Directors of Prysmian S.p.A. has approved today the Group's consolidated results for the first quarter of 2021 . Linking the Future " We have seen positive signs in the first quarter of the year , despite the on - going macroeconomic and market uncertainty " commented CEO Valerio Battista . " As a Group with a highly diversified geographical presence and business portfolio , we remain resilient to the challenges and we are well - positioned to benefit from the recovery opportunities across our markets and business divisions . " During the period , the growth of the Energy segment has exceeded pre - pandemic levels and we have seen clear recovery in the Telecom segment , with volumes rising , despite on - going pricing pressure . Our Projects division remains impacted by project execution phasing , however we expect to see improvements as early as the second half of 2021. The Group's return to organic growth during the quarter has also been accompanied by a stabilisation of profit margins , and we remain a strong cash - generative business continuing the positive trend in 2020 . We are increasingly confident in guidance for the full year and that we have the technology , assets and strong organisational setup to capitalise further on energy transition and digitalisation opportunities in the medium term " . Group sales amounted to € 2,810 million with a + 4.6 % organic change , excluding the Projects segment³ , sharply reversing the trend compared to Q4 2020. In the first quarter , signs of a sharp recovery were mainly recorded by the Telecom segment , with an organic growth of + 11.4 % , and the Energy segment , which reported a + 3.4 % organic growth , fuelled by the recovery of the construction and renewable energy sectors . The Projects segment continued to be impacted by the phasing on the projects in the portfolio , although signs of a recovery are expected in the second quarter following the acceleration of the development of the German Corridors . ¹ Excluding the Projects segment 2Excluding antitrust - related cash - out . 3 + 3.0 % including the Projects segment . Adjusted EBITDA rose to € 213 million compared to € 197 million for the first quarter of 2020 , despite the negative impact of exchange rates ( € 14 million ) . The Adjusted EBITDA improvement was driven by both the volume recovery and the resilience shown by the whole organisation in ensuring business continuity This press release is available on the company website at www.prysmiangroup.comand in the mechanism for the central storage of regulated information provided by Spafid Connect S.p.A. at www.emarketstorage.com