May 12, 2020 / 04:00PM GMT
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Prysmian Group Q1 2020 Financial Results. (Operator Instructions) I must also advise you the conference is being recorded today.
I would now like to hand over to your host, Valerio Battista, Prysmian Group CEO. Please go ahead.
Valerio Battista - Prysmian S.p.A. - CEO, GM & Executive Director
Hello, and good afternoon to everyone. Welcome to the First Quarter 2020 Financial Results Conference Call of Prysmian Group. And let's start with Page 3, the highlights of the quarter.
Organic sales growth, unfortunately negative, not extremely negative, minus 5.4%, mostly driven by the expected slowdown of the Telecom, 19% compared, obviously, to our first quarter 2019, that was very, very good. E&I trended down 3.4%, not very much, mainly because of T&I, whereas PD was going pretty well, especially in North America, plus 3.6%.
The results, adjusted EBITDA, EUR 197 million, 7.6% of sales versus the EUR 231 million of the previous quarter '19, with an Energy mostly
Q1 2020 Prysmian SpA Interim Management Statement Call Transcript
Feb 14, 2024
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