Italy's Prysmian nine-month revenue rises, lifts 2026 outlook

Prysmian

29/10/2026 05:58

Overview
Italy cable maker's nine-month revenue grew 9.2% yr/yr, driven by broad organic growth
Adjusted EBITDA for nine months rose 22.9% yr/yr, reflecting improved margins and demand
Company raised 2026 guidance, expects to exceed 2028 targets two years early

Outlook
Prysmian raises 2026 guidance for adj EBITDA to €3,075 mln-€3,125 mln
Company now sees 2026 free cash flow at €1,750 mln-€1,850 mln
Prysmian expects to beat 2028 adj EBITDA and free cash flow targets two years ahead

Result Drivers
TRANSMISSION SEGMENT - Strong performance in Transmission, with 13.2% organic growth and margin improvement, supported by project mix and vertical integration
POWER GRID DEMAND - Increased demand across regions drove Power Grid organic growth of 12.0% for nine months
DIGITAL SOLUTIONS PROFITABILITY - Digital Solutions segment saw 15.1% organic growth and margin expansion to 23.3% for nine months

Company press release: ID:nBIA6T6sz2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Sales
 
EUR 17.66 bln
 
9M Adjusted EBITDA
 
EUR 2.18 bln
 
9M Free Cash Flow
 
EUR 1.43 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Prysmian S.p.A. is €155.00, about 43.9% above its October 28 closing price of €107.75
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 28 three months ago

Reuters Recommended Reads
Oct 28 - Spain's Endesa confirms outlook after 15% profit increase
Oct 28 - France's Constellium Q3 revenue rises 22% on higher metal prices
Oct 27 - Italy's Iren presents €10.4 billion investment plan focused on infrastructure

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)