Prysmian SpA (OTCPK:PRYMY)
$ 32.91 0.18 (0.55%) Market Cap: 17.96 Bil Enterprise Value: 20.09 Bil PE Ratio: 33.68 PB Ratio: 4.02 GF Score: 76/100
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Q3 2020 Prysmian SpA Interim Management Statement Call Transcript

Oct 29, 2020 / 03:00PM GMT
Release Date Price: $13.75 (+2.12%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Prysmian Group 9 Months 2020 Financial Results Call. (Operator Instructions) I would like to advise you that your conference is being recorded today, Thursday, the 29th of October 2020. I would now like to hand the conference over to your speaker today, Valerio Battista. Please go ahead, sir.

Valerio Battista
Prysmian S.p.A. - CEO & Executive Director

Thank you very much, and good afternoon to everyone. Thank you for connecting to this conference call that unusually is from remote because due to the COVID constraints, we have taken the decision not to be in the office. But we can manage the company anyway. Okay. Let's start with Page 2, the 9 months 2020 highlights. Organic sales, excluding projects at minus 9.4% doesn't change very much with or without projects. Obviously, the situation is not easy, but it's improving because in the quarter 3, the organic sales decline has dropped to 5.2%. By segment, the telecom business has suffered a 16.9% drop as it was expected reasonably because don

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