Prysmian : Earnings fully in line - Guidance lifted
>Improvement on a sequential basis - The interim results were in line with our forecasts and those of the consensus. Sales came in at € 7,819.0m (€ 7,724.3m estimated, € 7,703.5m for the consensus) vs € 8,003.0m, down 2.3% and -3.0% on an organic basis (compared with -5.6% for Q1). Adjusted EBITDA stands at € 869.0m (€ 855m est., € 848.5m for the consensus) vs € 878bn, down 1.0% (-3.5% in Q1 and +1.5% in Q2). The adjusted EBITDA margin thus came to 11.1% (11.1% est...Prysmian and its subsidiaries produce, distribute and sell cables and systems and related accessories for the energy and telecommunications industries. Co. operates in two segments. The energy segment includes utilities, which organized in four lines of business, comprising high voltage, power distribution, accessories and submarine; trade and installers; industrial; and other, such as sales of residual products. The telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment is organized in the following lines of business: optical fibre, optical cables, connectivity components and accessories, Optical Ground Wire and copper cables.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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