tradingkey.logo

CORRECTED-Prysmian core profit up 28% in first quarter helped by Encore acquisition

ReutersMay 8, 2025 5:39 AM

- Italy's Prysmian PRY.MI said on Thursday its core profit rose 28% in the first quarter of this year, partly due to the effect of the $4.2 billion Encore Wire's acquisition it completed last year.

The world's largest cable maker said in a statement its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at 527 million euros in the January-March period, slightly above a company-provided analyst consensus for a 510 million euro result.

Revenue growth was up 5% in the quarter, the company said, adding it was confirming its forecasts for full-year results.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI