
MILAN, May 8 (Reuters) - 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.