Italy · Delayed Price · Currency is EUR Prysmian Earnings Call Transcripts
Fiscal Year 2026
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The acquisition expands leadership in the U.S. electrification market, creating a one-stop shop for cables and installation components, with EUR 150 million in targeted synergies by 2029. The deal is accretive from year one, preserves investment grade, and supports a solution provider strategy.
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Record Q2 results with EUR 730 million EBITDA and 13.4% margin, driven by strong growth in Digital Solutions and Transmission. Upgraded 2026 EBITDA guidance to EUR 2.8–2.9 billion and free cash flow to EUR 1.7 billion, supported by major long-term optical contracts and robust demand in data centers.
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Q1 2026 saw strong organic growth, with EBITDA and margins exceeding expectations, driven by Power Grid, I&C, and Digital Solutions. Long-term hyperscaler contracts and major capacity expansions are set to further boost results, while net debt and free cash flow improved significantly.
Fiscal Year 2025
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Record FY2025 results with €2.4B EBITDA, 18% EPS growth, and €1.2B free cash flow. Transmission and Digital Solutions led performance, while guidance for 2026 targets €2.7B EBITDA and €1.35B free cash flow, supported by strong demand in data centers and power grids.
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Record Q3 EBITDA and margin growth were driven by strong Transmission, Power Grid, and Electrification performance, especially in North America. Upgraded full-year guidance reflects robust order intake, tariff benefits, and successful integration of Channell, with deleveraging accelerated by the YOFC stake sale.
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Record H1 EBITDA and margin expansion driven by strong transmission, power grid, and digital solutions, with upgraded guidance and robust free cash flow. US copper tariffs and data center demand provide further upside.
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Q1 2025 saw strong EBITDA growth, margin expansion, and robust free cash flow, driven by transmission and U.S. electrification demand. Guidance for the year is confirmed, with Channell acquisition and forex as key watchpoints. Transmission backlog and market outlook remain solid.
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Surpassing previous targets, the group now aims for €3.05 billion EBITDA and €1.6 billion free cash flow by 2028, with over half of revenues from solutions and net zero by 2035. Innovation, M&A, and sustainability are central to the strategy, with robust growth across all business units.
Fiscal Year 2024
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Record 2024 results with Adjusted EBITDA of €1,927 million and €1 billion free cash flow, driven by strong Q4 growth in transmission and power grid. 2025 guidance targets further EBITDA and cash flow growth, with robust segment performance and ongoing capacity expansion in Europe.
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Record Q3 EBITDA and margin driven by Transmission, Power Grid, and Encore Wire integration. Strong cash flow and net income support raised guidance, with robust segment performance and sustainability progress. Strategic updates and potential US dual listing expected in 2025.
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First half 2024 saw robust EBITDA and cash flow, driven by strong transmission and power grid performance, and rapid integration of Encore Wire. Upgraded full-year guidance reflects confidence in continued growth, with synergies and new capacity supporting future margins.