Prysmian sees core profit rising 22% this year pushed by growth, Encore acquisition

MILAN, Feb 27 (Reuters) - Italy's Prysmian PRY.MI on Thursday forecast its adjusted core profit would rise as much as 22% this year, with organic growth complemented by the effects of the $4.2 billion Encore Wire acquisition made in 2024.

The world's largest cable maker, which is currently considering a dual listing in the U.S., said it expected full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) between 2.25 billion and 2.35 billion euros ($2.35-$2.46 billion) in 2025.

In 2024 EBITDA was up 18% from the year earlier to 1.927 billion euros, matching a company-provided analyst consensus.

($1 = 0.9556 euros)