Full Year 2019 Prysmian SpA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Prysmian Group 2019 Full Year Results Conference Call. (Operator Instructions) I would like to advise you that this conference is being recorded today, Thursday, the 5th of March 2020.
I would now like to hand the conference over to your speaker today, Valerio Battista. Please go ahead, sir.
Thank you very much, and good afternoon to everyone for the Full Year 2019 Results Conference Call of Prysmian Group.
Okay. Let's start immediately with the key achievements in 2019. First of all, strong cash generation. We generated EUR 433 million, proposing, at the same time, an increase of the dividend to EUR 0.5 per share from the previous EUR 0.43.
Submarine business. The Submarine business has started, especially in the last quarter, to improve and the projects order backlog has been restored at over EUR 2 billion, consequently 2 years roughly. Submarine energy order intake has been over EUR 1.3 billion,
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