Prysmian SpA (CHIX:PRYm)
€ 64.38 +0.35 (+0.55%) Market Cap: 18.53 Bil Enterprise Value: 23.63 Bil PE Ratio: 26.59 PB Ratio: 3.70 GF Score: 77/100

Q1 2025 Prysmian SpA Earnings Call Transcript

May 8, 2025 / 08:00 AM GMT
Release Date Price: €52.85 (+4.59%)

Key Points

Positve
  • Prysmian SpA (PRYMF) reported a strong start to 2025 with an EBITDA of €527 million, significantly ahead of last year.
  • The company achieved an impressive organic growth of 5%, driven by transmission and supported by stability in Power Grid and growth in digital solutions.
  • Free cash flow stood at €1 billion for the last 12 months, indicating strong cash generation.
  • Prysmian SpA (PRYMF) is on track to achieve its ESG target of a 38% reduction by 2025, with a current reduction of 37%.
  • The company confirmed its net zero target by 2035 and reported a significant improvement in the recycled content of copper, up by 300 basis points from last year.
Negative
  • The company faced declining organic growth in the US due to tough comparisons from last year and bad weather impacts.
  • There is a wait-and-see situation in the US market due to current tariff dynamics, affecting the IUC business.
  • The industrial construction segment showed flat organic growth, with a €35 million shortfall compared to the previous year.
  • Prysmian SpA (PRYMF) experienced a temporary negative effect on net income due to the negative value of metal derivatives.
  • The company anticipates potential headwinds from forex exchange rates, which could impact future guidance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRY.MI - Prysmian SpA
Q1 2025 Prysmian SpA Earnings Call
May 08, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good Morning. Good morning. Welcome everyone to the earning calls of quarter 125.

We are really off for a great start in 2025 with an Ibida that hit 527 million inbida, million euros, well ahead of last year, even if you consider the $95 million extra perimeter due to the anchor wire consolidation in the quarter 125. The the margin, which you see at 13.1 is, the reported according to the standard metal prices. So that those are the metal prices based on the average of metal, copper, and aluminum lead prices in the 10 years preceding 2019, which you know very well because they are normally report in the appendix or the annasco.

The organic growth was a fantastic, 5% that certainly driven by transmission but also supported by
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