Q1 2021 Prysmian SpA Interim Management Statement Call Transcript
Thank you for standing by, and welcome to the Prysmian Group First Quarter 2021 Financial Results Conference Call. (Operator Instructions) I must advise you that your conference is being recorded today Thursday, the 13th of May 2021.
I would now like to hand over to your first speaker for today, Mr. Valerio Battista, CEO. Please go ahead, sir.
Thank you very much, and good morning or good evening to everyone. Welcome to the first quarter 2021 financial results of the business group. The year has started pretty well. We define it as solid start of the year with a very good acceleration for Telecom and Energy, in construction and renewable, most of all. The Telecom has surprised even us because the Telecom has increased the sales by 11%, more than 11% organic growth, thanks to demand with still pretty low prices, but consistent demand.
We got the sole pillar that is still partly missing is the project. The project has been able to get the award of the Sofia project, fully
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