Prysmian reported H1 16 results. Main facts: H1 16 revenue reached €3,785m, corresponding to a 1.8% organic change (but only 1.5% in Q2 16 alone) supported by Energy projects (+22.7%) and Telecoms (+5.8%). Adjusted EBITDA reached €347m, corresponding to a 9.2% margin (versus 8.4% in H1 15), slightly above expectations. The net profit increased by 59% to €124m (versus €78m). FCF excluding acquisitions was disappointing at €-176m versus €-97m last year due to WC va
29 Jul 2016
Solid H1 margins but disappointing free cash flow generation
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Solid H1 margins but disappointing free cash flow generation
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
29 Jul 2016 -
Author:
Lionel Pellicer -
Pages:
3
Prysmian reported H1 16 results. Main facts: H1 16 revenue reached €3,785m, corresponding to a 1.8% organic change (but only 1.5% in Q2 16 alone) supported by Energy projects (+22.7%) and Telecoms (+5.8%). Adjusted EBITDA reached €347m, corresponding to a 9.2% margin (versus 8.4% in H1 15), slightly above expectations. The net profit increased by 59% to €124m (versus €78m). FCF excluding acquisitions was disappointing at €-176m versus €-97m last year due to WC va