Prysmian shares hit after cautious outlook while U.S. tariffs loom [Yahoo! Finance]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Yahoo! Finance
was conservative while the industry faces potential U.S. tariffs on copper and aluminium. Shares in the world's largest cablemaker were down 7.5% to 60.14 euros by 1040 GMT. They hit an all-time high at 72.76 euros in January. The company, which manufactures cables for energy transmission, power grids and digital systems, said it expected full-year adjusted core earnings (EBITDA) of between 2.25 billion and 2.35 billion euros ($2.35-$2.46 billion) in 2025, up from 1.927 billion euros in 2024. The guidance is slightly below consensus, analysts at Citi and broker Equita said. Targets for 2025 include cash generation of up to 1.05 billion euros, broadly unchanged from 2024. They are based on "solid market trends in electrification, energy transition and digitalisation" and on full benefit from the $4.2 billion Encore Wire acquisition in 2024, the company said. CEO Massimo Battaini downplayed the impact on profitability from potential U.S. tariffs on copper and aluminium, two ke
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- 10/3/25 - KEPLER CHEUVREUX