Reasonable Q3 15 figures but the FY15 EBITDA guidance is slightly lowered. Prysmian posted 9M15 sales of €5,663m, corresponding to +6.9% organic growth with an adj. EBITDA of €473m (€488m ex WL) corresponding to an 8.5% margin. Prysmian reported strong growth in Energy projects (+19.6% yoy organically ex. WL for 9M15) and the award of the first submarine project in China. There was also a solid trend in Telecoms (+10.3% yoy for the 9M15) while the industrial segment stabilised.
06 Nov 2015
EBITDA guidance lowered amid FX and cyclical weakness
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
EBITDA guidance lowered amid FX and cyclical weakness
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
06 Nov 2015 -
Author:
Lionel Pellicer -
Pages:
3
Reasonable Q3 15 figures but the FY15 EBITDA guidance is slightly lowered. Prysmian posted 9M15 sales of €5,663m, corresponding to +6.9% organic growth with an adj. EBITDA of €473m (€488m ex WL) corresponding to an 8.5% margin. Prysmian reported strong growth in Energy projects (+19.6% yoy organically ex. WL for 9M15) and the award of the first submarine project in China. There was also a solid trend in Telecoms (+10.3% yoy for the 9M15) while the industrial segment stabilised.