Prysmian slides after slight Q4 core profit miss, conservative guidance

Prysmian SpA

26/02/2026 08:52

** Shares in Prysmian PRY.MI slide 2.7%, pares losses after falling as much as 4.8%, after posting a slight miss on Q4 adjusted EBITDA and a conservative guidance for 2026

** Quarterly core profit came in at 622 million euros ($735 million), slightly below analysts' average estimate of 635 million euros

** The cable maker also forecast 2026 adjusted EBITDA in a range of 2.63-2.78 billion euros, while expecting FCF between 1.30-1.40 billion euros

** J.P.Morgan analysts see the set of quarterly results as "mixed", pointing to weakness in its Grid segment, while Transmission margins rose a new record high of 20.2%, suggesting good backlog execution

** "We note management is generally conservative" on outlook, Jefferies says in a note, adding the FCF outlook is ahead of its average estimate of around 1.2 bln euros

** Including Thursday's drop, shares are up around 13% YTD

 (Enrico Sciacovelli)

 ((Enrico.sciacovelli@thomsonreuters.com))