Prysmian exceeds expectations

The Italian cable company fared better during summer than analysts had forecast.

BY MARKETWIRE, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Prysmian closed the third quarter of 2021 above analysts' predictions, reports Bloomberg News, which had compiled market consensus estimates.

The Italian company books revenue of EUR 3.26bn for Q3 against the forecast EUR 3.07bn, while earnings before interest and taxes comes to EUR 170m.

Maintaining its full-year guidance for 2021, the cable maker adds that the consolidated annual operating result before depreciations and amortizations is expected to land in the higher of the EUR 920m-970m spread.

Prysmian stock dips 0.6 percent to EUR 33.10 per share in Milan trading Thursday afternoon.

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