Prysmian reported 9M16 revenue of €5,660m with Q3 16 organic growth in line with H1 16 at +1.8% yoy. Like for Nexans, activity was marked by continued negative pressure on O&G with a 31.6% yoy organic decrease in the first 9M16 (and -20% in Q3 16) offset by strong Energy project sales (+20.9% in 9M16 and +16% in Q3 16) and, in particular, sales of submarine cables and systems. Telecom was also strong with +8.4% organic growth (of which +9.7% in Q3). Adjusted EBITDA climbed to €5
10 Nov 2016
Margin expansion driven by Telecoms and the Energy project
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Margin expansion driven by Telecoms and the Energy project
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
10 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
Prysmian reported 9M16 revenue of €5,660m with Q3 16 organic growth in line with H1 16 at +1.8% yoy. Like for Nexans, activity was marked by continued negative pressure on O&G with a 31.6% yoy organic decrease in the first 9M16 (and -20% in Q3 16) offset by strong Energy project sales (+20.9% in 9M16 and +16% in Q3 16) and, in particular, sales of submarine cables and systems. Telecom was also strong with +8.4% organic growth (of which +9.7% in Q3). Adjusted EBITDA climbed to €5