Prysmian's fourth-quarter core profit jumps 20%, sees higher 2026 earnings

Prysmian SpA

26/02/2026 06:16

Feb 26 (Reuters) - Italian cable maker Prysmian PRY.MI reported a 20% rise in its fourth-quarter adjusted core profit on Thursday, slightly below market expectations, driven mainly by strong margin expansion in its transmission business.

Adjusted earnings before interest, taxes, depreciation and amortisation rose to 622 million euros ($735 million) in the quarter, while analysts were expecting 635 million euros on average.

The group forecast 2026 adjusted core profit in a range of 2.63 billion to 2.78 billion euros, up from 2.40 billion last year. A company-provided analysts' consensus stood at 2.73 billion euros for this year.

The outlook does not include any potential impacts from U.S. import tariffs, the company said.

($1 = 0.8462 euros)

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

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