Prysmian Posts Positive Results for Q1

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Group sales at €2,771M, with +1.9% organic growth / Synergies from integration with General Cable in line with the targets revised upwards

“Organic revenue growth achieved in the first quarter is proof of the competitiveness of our businesses, even in a difficult market scenario in various geographical areas,” stated Chief Executive Officer Valerio Battista. “In particular, the positive performance in North America and Latin America confirm the strategic value of the General Cable acquisition, in addition to the synergies generated. Profitability also improved, buoyed by the excellent performances reported by Telecom and Power Distribution. The synergies arising from the integration with General Cable are consistent with our targets, revised upwards, helping... ... More: Official Press Release Prysmian

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