2017 Full-Year Results
(WorldNews Greece)

II - Detailed business review for 2017 Sales for 2017 came to 6.370 billion euros at current metal prices and 4.571 billion euros at constant metal prices4, representing organic growth of 5.1% compared with 2016. Organic growth accelerated in the second half to 8.2% from 2.4% in the first half, led by a recovery in demand for low-voltage power cables in the building market and for medium-voltage cables among energy operators. Operating margin totaled 272 million euros compared with 242 million euros in 2016, corresponding to 6.0% of sales at constant metal prices versus 5.5% in 2016. These figures reflect mixed operating environments across the different businesses: The high-voltage projects...