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Prysmian Group ■ ■ FY 2021 TARGETS REVISED UPWARDS : TARGET ADJUSTED EBITDA AT € 920M- € 970M ■ ■ PRESS RELEASE ■ GROWING H1 2021 RESULTS ; STRONG SALES AND MARGINS PERFORMANCE SALES AT € 6,034M , ORGANIC CHANGE¹ AT + 10.5 % ( + 16.9 % IN Q2 ) ADJUSTED EBITDA UP TO € 470M ( € 419M IN H1 2020 ) GROUP NET PROFIT JUMPED TO € 162M FROM € 78M Linking the Future ENERGY RECOVERED SHARPLY ( + 9.5 % ORGANIC GROWTH ; T & I + 38.5 % IN Q2 ) TELECOM ACCELERATED ITS RECOVERY WITH + 15.5 % ORGANIC GROWTH ( + 19.6 % IN Q2 ) PROJECTS BEGAN TO IMPROVE AS OF Q2 . € 1.2BN NEW ORDERS IN H1 ■ NEW VESSEL LEONARDO DA VINCI IS READY TO START OPERATIONS . FIRST MISSION : THE RECORD - BREAKING VIKING LINK INTERCONNECTION BETWEEN THE UK AND DENMARK ■ LTM FREE CASH FLOW AT € 447M² Milan , 28/07/2021 . The Board of Directors of Prysmian S.p.A. has approved today the Group's consolidated results for the first half of 2021³ . " The signs of recovery recorded at the beginning of the year have been confirmed and gained further pace in the following months , allowing us to close the first half of the year with even better than expected results , " commented Chief Executive Officer Valerio Battista . " Sales have been chiefly driven by the strong recovery of Telecom and the further acceleration in the construction and infrastructure sectors . In profitability terms , margins improved , also thanks to cost efficiencies and price management . Projects also resumed in the second quarter , and we expect will gain further momentum in the second half of the year . The broad geographical diversification and the complementary businesses within the portfolio proved to be a strategic driver of growth . The continuity of the cash flows assured by businesses linked to the most mature economic sectors such as construction and the Energy segment's industrial sectors enable us to focus both on the opportunities provided by the mega trends of energy transition , electrification and digitalisation , as well as to support the non - organic business expansion strategy , whenever suitable opportunities arise . The Group's strength is also evidenced by its ongoing ability to remunerate shareholders with adequate dividends , " concluded the CEO . ¹ Excluding the Projects segment . 2 Excluding cash outs for acquisitions and the antitrust - related dispute . 3 The Half - year Financial Report is subject to limited audit , which is still underway as of today's date . 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