Prysmian drops as guidance upgrade falls short of high expectations

Prysmian SpA

30/10/2025 10:14

** Shares in Prysmian PRY.MI fall around 5% after the Italian cable maker posted a slight Q3 EBITDA beat and raised its 2025 guidance, but analyst say the new target undershot more ambitious investor expectations

** The stock dropped as much as 8% during the session

** Prysmian forecast its FY adjusted EBITDA in a range of 2.38-2.43 billion euros, up from 2.30-2.38 billion is saw earlier

** "Against more elevated expectations ... this could be seen as somewhat disappointing," Citi analysts say in a note

** "After a strong performance YTD ... we could see some profit taking today," J.P.Morgan says, while also adding that "the extent of the upgrade will likely disappoint"

** Up to the previous session's close, shares were up 49%​ YTD

($1 = 0.8575 euros)

 (Reporting by Laura Contemori, Enrico Sciacovelli)