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Prysmian SpA
XMUN:AEU

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Prysmian SpA
XMUN:AEU
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Price: 144.2 EUR 0.91% Market Closed
Market Cap: €25.9B

Prysmian SpA
Investor Relations

Prysmian makes the cables that carry electricity and data. Its main products are power cables for grids, buildings, wind and solar projects, and industrial sites, plus fiber optic and other telecom cables. It also handles large cable-system projects, including engineering, manufacturing, and installation for long-distance and underwater links. Its customers are utilities, grid operators, energy developers, construction firms, industrial companies, and telecom providers. Prysmian earns money by selling cable products and by delivering project-based systems work where customers need a complete installed connection, not just a cable roll. What sets the business apart is that cables are a basic part of infrastructure: once a power line or telecom network is built, the right cable has to meet strict technical and safety standards and often last for many years. That makes Prysmian a key supplier in the energy and communications value chains, especially where reliability and project execution matter more than simple commodity pricing.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Strong quarter: Prysmian said Q1 2026 results came in well ahead of plan, with about EUR 50 million of upside versus budget and EBITDA margin up to 14.2%.

Digital upside: Management highlighted a major opportunity with hyperscalers and long-term data-center contracts, saying the new business could drive significant capacity expansion and margin gains over time.

Transmission strength: Transmission posted another quarter above 20% EBITDA margin, and management reaffirmed full-year 2026 margin guidance of 20% to 21%, well above prior long-term targets.

Power Grid lag: Power Grid remained strong on demand, but margins were temporarily held back by a time lag in passing through higher material costs; management expects recovery in coming quarters.

Cash and debt: Free cash flow over the last 12 months was very close to EUR 1.2 billion, and net debt fell to EUR 3.8 billion, with year-end net debt targeted at EUR 2.6 billion to EUR 2.7 billion.

Guidance tone: The company confirmed full-year guidance and said it is increasingly confident about finishing toward the top end, with potential upside also in free cash flow.

Key Financials
Revenue
EUR 5.2 billion
EBITDA margin
14.2%
EBITDA
EUR 80 million increase year over year
Free cash flow
very close to EUR 1.2 billion
Net debt
EUR 3.8 billion
Transmission EBITDA margin
20% plus
Transmission incremental EBITDA
EUR 170 million to EUR 180 million
Power Grid margin improvement
at least 100 basis points in Q2 versus Q1
I&C EBITDA
EUR 196 million
I&C EBITDA margin
13%
Digital Solutions EBITDA margin
20.6%
Digital Solutions EBITDA
EUR 88 million
Net profit
almost EUR 250 million
Potential fiber capacity expansion
40% increase
Capital expenditure
almost EUR 100 million per year
Earnings Call Recording
Other Earnings Calls

Management

Mr. Massimo Battaini
CEO & Director
No Bio Available
Mr. Valerio Battista
Vice Chairman of Board & MD
No Bio Available
Mr. Pier Francesco Facchini
CFO & Executive Director
No Bio Available
Mr. Giacomo Sofia
Chief Operating Officer
No Bio Available
Ms. Maria Cristina Bifulco
Chief Investor Relations, Sustainability and Communication Officer
No Bio Available
Mr. Francesco Tutino
Group Chief HR & Organization Officer
No Bio Available
Mr. Andrea Pirondini
Chief Executive Officer of North America
No Bio Available
Mr. Philippe Claude Vanhille
Executive Vice President of Telecom Business
No Bio Available
Mr. Hakan Ozmen
Executive Vice President of Projects
No Bio Available
Mr. Srinivas Siripurapu
Chief Research & Development Officer and Chief Innovation Officer
No Bio Available

Contacts

Address
MILANO
Milan
Via Chiese 6
Contacts
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