Recovery in its Telecom segment due to the strong demand in the United States.
Prysmian SpA (Prysmian) in fiscal 2021, for the first time in its history, its total sales exceeded 12.0 billion euros, with an organic change of 10.9% from fiscal 2020. It reports that this growth was a result of strong performance in its Energy segment and a recovery in its Telecom segment, after the downturn of the COVID-19 (coronavirus) pandemic. Specifically, its Energy segment had organic growth of 10.7%. The company credits the recovery in its Telecom segment to the strong demand for its solutions in the United States. The Telecom segment experienced organic growth of 12.7%.
COVID|Balance Sheet|New Activity|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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