Italy · Delayed Price · Currency is EUR Prysmian Earnings Call Transcripts
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 €1,927M Adjusted EBITDA, 11.3% margin, and €1B+ free cash flow. Transmission and power grid drove growth, Encore Wire integration advanced, and 2025 guidance targets further EBITDA and cash flow gains. Dividend up 14%.
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Record Q3 EBITDA and margin driven by Transmission, Power Grid, and Encore Wire integration. Strong cash flow, robust backlog, and sustainability progress support upgraded outlook, with new strategic ambitions to be unveiled in 2025.
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First half 2024 saw strong EBITDA and cash flow, driven by transmission and power grid, with upgraded full-year guidance and rapid Encore Wire integration. U.S. segments outperformed Europe, and new capacity plus synergies are expected to boost results further.