Italy's Prysmian Q1 revenue rises 5%, EBITDA up 14%

Prysmian SpA

30/04/2026 06:13

Overview

Italy cable and fiber provider's Q1 revenue grew 5.0% yr/yr, driven by organic growth

Adjusted EBITDA for Q1 rose 14% yr/yr, margin improved to 14.2%

Strong free cash flow LTM reached EUR 1.19 bln, up 19.3% yr/yr

Outlook

Prysmian confirms FY26 guidance: Adjusted EBITDA of €2,625-€2,775 mln and Free Cash Flow of €1,300-€1,400 mln

Company expects Power Grid margins to improve from Q2'26

Company sees surging demand for fiber and optical cables driven by data centers

Result Drivers

DATA CENTER DEMAND - Co said strong demand from data centers, especially in North America, drove growth in Industrial & Construction and Digital Solutions

POWER GRID GROWTH - Organic growth in Power Grid accelerated, with revenues up 16.2% yr/yr, driven by all regions

TRANSMISSION MARGIN IMPROVEMENT - Transmission segment set best-in-class margins, up 3.2 p.p. yr/yr to 20.1%

Company press release: ID:nBIA5Zv735

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Free Cash Flow
EUR 1.19 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "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 SpA is €105.00, about 15.6% below its April 29 closing price of €124.35

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 19 three months ago

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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.)