Italy's Prysmian raises full-year outlook on Channell acquisition

Prysmian SpA

31/07/2025 05:53

July 31 (Reuters) - Italy's Prysmian PRY.MI on Thursday increased its forecasts for full-year core profit and cash generation following its acquisition of U.S. connectivity device manufacturer Channell, as the cable maker beat consensus with its first-half results.

Milan-based Prysmian said it now expects full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at 2.3 billion-2.38 billion euros, versus a previous forecast of 2.25-2.35 billion euros.

($1 = 0.8751 euros)

 (Reporting by Giulio Piovaccari and Gnaneshwar Rajan; Editing by Sonia Cheema)

 ((Gnaneshwar.Rajan@thomsonreuters.com;))