Prysmian reported Q1 17 results Q1 17 revenue was €1,849m, corresponding do a -3.7% organic decline due to Energy project phasing. Energy projects organic decrease in sales of -15.2%. Strong growth reported in Telecoms (+12.3%). Energy & Infrastructures revenue down 2.3% organically. Industrial & Network components revenue down 3.7% organically. Adjusted EBITA margin of 8.3% in Q1 17, flat yoy. The adjusted EBITDA guidance for 2017 is a range between €710m and €750m (ve
11 May 2017
Disappointing Q1 due to phasing issue, cautious guidance for 2017
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Disappointing Q1 due to phasing issue, cautious guidance for 2017
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
11 May 2017 -
Author:
Lionel Pellicer -
Pages:
3
Prysmian reported Q1 17 results Q1 17 revenue was €1,849m, corresponding do a -3.7% organic decline due to Energy project phasing. Energy projects organic decrease in sales of -15.2%. Strong growth reported in Telecoms (+12.3%). Energy & Infrastructures revenue down 2.3% organically. Industrial & Network components revenue down 3.7% organically. Adjusted EBITA margin of 8.3% in Q1 17, flat yoy. The adjusted EBITDA guidance for 2017 is a range between €710m and €750m (ve