Prysmian lifts 2025 outlook after Q3 beat on strong transmission growth By Investing.com
Update: 2025-10-30
Description
Prysmian, a leading Italian cable manufacturer, has raised its outlook for next year following strong third-quarter results. The company's revenue surged by 3% to €5 billion, while adjusted earnings hit €644 million, both exceeding expectations. Organic growth reached 9.2%, outpacing the predicted 7.8%. The Renewable Transmission segment led the charge with 39% organic growth, while Power Grids grew by 15%. Despite a slight miss in Electrification, Prysmian raised its full-year guidance for 2025, predicting adjusted EBITDA between €2.38 billion and €2.43 billion, and higher free cash flow. The market has responded positively, with Jefferies maintaining a buy rating and setting a target price of €102, representing an 11% increase. Prysmian's strong backlog of high-voltage projects and solid growth path position it well for continued success in 2026.
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