The company reported its first half 2018 results which included General Cable from 1 June. The numbers were overall impacted by one-offs (FX negative impact and Western Link provisions) and the change in perimeter, but the business managed to deliver a reasonable adjusted EBITDA, helped by strong momentum in the Telecoms division. The integration looks well on track and the company is confident in its ability to deliver synergies. The negative was in the HV submarine segment which is likely t
21 Sep 2018
The GC integration to yield first synergies soon
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The GC integration to yield first synergies soon
Prysmian S.p.A. (PRY:WBO) | 0 0 1.2% | Mkt Cap: 5,830m
- Published:
21 Sep 2018 -
Author:
Lionel Pellicer -
Pages:
3
The company reported its first half 2018 results which included General Cable from 1 June. The numbers were overall impacted by one-offs (FX negative impact and Western Link provisions) and the change in perimeter, but the business managed to deliver a reasonable adjusted EBITDA, helped by strong momentum in the Telecoms division. The integration looks well on track and the company is confident in its ability to deliver synergies. The negative was in the HV submarine segment which is likely t