Prysmian reported its Q1 16 figures. Main facts: Revenue reached €1,810m in Q1 16, corresponding to a +2.3% organic increase including a strong contribution from Energy Projects (+26.4%) thanks to a positive performance by submarine cables and systems and strong high voltage underground sales. The telecoms business was up +3.3%, while the O&G segment was off 33.9% yoy. Adj. EBITDA at €150m corresponding to an 8.3% margin, sharply up from €120m (6.8% of sales) in Q1 15. The
12 May 2016
Q1 16 growth driven by Energy projects and telecoms
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Q1 16 growth driven by Energy projects and telecoms
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
12 May 2016 -
Author:
Lionel Pellicer -
Pages:
3 -
Prysmian reported its Q1 16 figures. Main facts: Revenue reached €1,810m in Q1 16, corresponding to a +2.3% organic increase including a strong contribution from Energy Projects (+26.4%) thanks to a positive performance by submarine cables and systems and strong high voltage underground sales. The telecoms business was up +3.3%, while the O&G segment was off 33.9% yoy. Adj. EBITDA at €150m corresponding to an 8.3% margin, sharply up from €120m (6.8% of sales) in Q1 15. The