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BRIEF-Prysmian H1 Net Profit Up To EUR 259 Mln

BRIEF-Prysmian H1 Net Profit Up To EUR 259 Mln

Reuters · 07/28/2022 07:21
BRIEF-Prysmian H1 Net Profit Up To EUR 259 Mln

- Prysmian SpA PRYMF:

  • H1 NET PROFIT EUR 259 MILLION VERSUS EUR 162 MILLION YEAR AGO

  • H1 ADJUSTED. EBITDA EUR 699 MILLION VERSUS COMPANY-PROVIDED CONSENSUS OF EUR 590 MILLION

  • H1 SALES EUR 7.95 BILLION VERSUS COMPANY-PROVIDED CONSENSUS OF EUR 7.40 BILLION

  • RECORD RESULTS IN 1H AND STRONG FY 2022 GUIDANCE UPGRADE

  • 2022 PRYSMIAN GROUP EXPECTS MODERATE DEMAND GROWTH IN CONSTRUCTION, INDUSTRIAL CABLES BUSINESSES

  • REVISES ITS GUIDANCE FOR FY 2022 UPWARDS COMPARED TO THAT ANNOUNCED IN MARCH

  • FOR 2022, GROUP EXPECTS ADJUSTED EBITDA IN RANGE OF €1,300-1,400 MILLION

  • UPGRADES CASH GENERATION TARGET AS IT NOW EXPECTS TO GENERATE CASH FLOWS OF APPROX €400-460 MILLION FOR 2022, COMPARED TO PREVIOUS TARGET OF €400 MILLION ± 15%

  • FORECASTS ASSUME NO MATERIAL CHANGES IN BOTH GEOPOLITICAL CRISIS RELATING TO MILITARY CONFLICT IN UKRAINE, DEVELOPMENT OF HEALTH SITUATION

  • FORECASTS ALSO ASSUME GLOBAL SUPPLY CHAINS WILL REMAIN UNDER PRESSURE IN COMING MONTHS, BUT NO FURTHER TENSIONS IN PRICES OF FACTORS OF PRODUCTION

Further company coverage: PRYMF


(Gdansk Newsroom)

((gdansk.@thomsonreuters.com; +48 58 772 0920;))