Cable maker Prysmian misses first-quarter core profit estimates on FX impact

Prysmian SpA

30/04/2026 06:13

April 30 (Reuters) - Italian cable maker Prysmian PRY.MI on Thursday reported a 14% rise in its first-quarter adjusted core profit year-on-year came in below expectations as it recorded a negative impact of 36 million euros ($41.97 million) from foreign exchange.

 Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 601 million euros in the quarter, compared to analysts' average estimate of 612 million euros in a company-compiled consensus.

($1 = 0.8578 euros)

(Reporting by Enrico Sciacovelli)

((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))