Q4 2025 Prysmian SpA Earnings Call Transcript

Feb 26, 2026 / 09:00AM GMT
Release Date Price: MXN2050.48

Key Points

Positve
  • Prysmian SpA (PRYMF) achieved record results across all key performance indicators, with EBITDA reaching 2.4 billion, marking a 500 million increase over the previous year.
  • The company reported a strong net income of 1.3 billion, supported by the disposal of YOC shares, and a record free cash flow generation of 1.2 billion.
  • Prysmian SpA (PRYMF) experienced significant growth in its transmission business, contributing 230 million to EBITDA, driven by a 30% organic growth and excellent margin expansion.
  • The company has made strategic acquisitions, such as Xterra and SESM, to enhance its capabilities in submarine telecom and vertical integration, positioning itself for future growth.
  • Prysmian SpA (PRYMF) is on track to achieve its 2028 targets ahead of schedule, with a strong focus on sustainability, aiming for 55% of revenues to be sustainability-linked by 2028.
Negative
  • The company faced adverse foreign exchange effects, which negatively impacted results by 75 million.
  • Prysmian SpA (PRYMF) experienced a contraction in its specialty business due to weaker demand in automotive, elevator, and oil and gas sectors.
  • The overhead transmission business in the US suffered from increased costs due to tariffs, which could not be passed on to customers, impacting margins.
  • The electrification segment showed sluggish growth, particularly in North America, due to a downturn in the residential and non-residential markets.
  • Despite strong demand, the company is at capacity in the fiber and cable markets, which may limit its ability to meet growing demand without further investment.
Operator

Good day and thank you for standing by. Welcome to PRISMN Full year 2025 integrated Results conference call and webcast.

(Operator Instructions)

Please note that today's conference is being recorded. I would now like to turn the conference over to your first speaker, Mr. Massimo Battaini, CEO. Please go ahead, sir.

Massimo Battaini
Prysmian SpA - Chief Executive Officer, General Manager, Executive Director

Thank you. Welcome all. And thank you for, taking your time to attend the earning calls for 2025 for your results.

I will like to highlight the main achievement 25. You see a record results across all KPIs, strong performance in EIDDA with 2.4 billion.

Which is itself a 500 million growth in terms of the EBIDD over the 24 performance. A strong net income, 1.3 billion, of course, supported by the disposal of the YOC share, but still remain outstanding net income, results.

And our cash generation with a 50% conversion vis a vis be down 1.2 billion again record result in free cash flow generation.

Even

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