Prysmian lifts 2026 forecast on booming demand for data center cables
30/07/2026 05:56
Prysmian lifts 2026 forecast on booming demand for data center cables July 30 (Reuters) - Italian cable maker Prysmian PRY.MI raised its full-year profit forecast on Thursday, citing surging demand from data center operators, as it posted a second-quarter adjusted core profit above expectations.
The company, which last week unveiled a landmark supply agreement with U.S.-based Molex, now expects full-year adjusted EBITDA in a range of €2.8 billion to €2.9 billion ($3.21 billion - $3.32 billion), up from its previous forecast of €2.63 billion to €2.78 billion.
($1 = 0.8733 euros)
(Reporting by Romolo Tosiani in Gdansk and Sumedha Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)