Prysmian Q1 Core Profit Misses Estimates as Outlook Held
The Italian cable maker reported adjusted core profit of 601 million euros amid currency headwinds. Management confirmed its 2026 guidance despite the miss.
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PRYSMIAN SPA reported first-quarter adjusted EBITDA of 601 million euros on Thursday morning, missing analyst estimates of 612 million euros. The Italy-based cable maker faced a 36 million-euro foreign exchange headwind despite a 14% margin expansion. Investors are focused on Prysmian's 2026 guidance and its ability to capture surging AI-driven demand within global data centers.
