Prysmian could up guidance, no major impact from Middle East war, CEO says

Prysmian SpA

30/04/2026 08:17

Clarifies that CEO was speaking in a media call in paragraph 4

MILAN, April 30 (Reuters) - Italian cable maker Prysmian PRY.MI is confident its 2026 adjusted core profit will be above the mid-point of the target range, CEO Massimo Battaini said on Thursday, adding the guidance could be raised in coming months.

Battaini said upcoming deals tied to data centre demand supported the core profit projection. The war in the Middle East is having no significant impact on Prysmian's activity in the region, he added.

As for the plan, which Prysmian has put on hold, of a dual listing in the United States, Battaini said the best solution would be to combine it with an M&A deal.

The CEO was speaking in a media call on Q1 results.

 (Reporting by Enrico Sciacovelli, writing by Valentina Za, editing by Alvise Armellini)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))