Italy's Prysmian raises annual outlook after Q3 core profit jumps nearly 20%

Prysmian SpA

30/10/2025 05:57

Oct 30 (Reuters) - Italian cable maker Prysmian PRY.MI raised its 2025 forecast on Thursday after a 19.3% jump in its third-quarter adjusted core profit to 644 million euros ($751 million), which beat a company-provided consensus estimate of 637 million euros.

Prysmian said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would grow to between 2.38 billion and 2.43 billion euros this year, versus a previous forecast of 2.30 billion to 2.38 billion euros.

($1 = 0.8575 euros)

(Reporting by Laura Contemori in Gdansk; Editing by Milla Nissi-Prussak)

((Laura.Contemori@thomsonreuters.com;))