2024-05-22
http://w3.windfair.net/wind-energy/news/44924-prysmian-sales-target-revenue-guidance-margins-improvement-growth-cash-flow-half-2023

News Release from Prysmian Group

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Wind Industry Profile of


Prysmian Group: Revenues up +4.8% and significantly FY 2023 guidance upgrade

SOLID SALES AND STRONG MARGINS IMPROVEMENT

Image: Prysmian GroupImage: Prysmian Group

SIGNIFICANT FY 2023 GUIDANCE UPGRADE:

  • + €175 MLN ADJUSTED EBITDA and + €100 MLN FCF

NEW TARGETS:

  • ADJUSTED EBITDA AT €1,575-€1,675M
  • FREE CASH FLOW AT €550-650M

CAPITAL MARKET DAY ON 5 OCTOBER 2023

  • Sales at €8,003M, organic growth at +4.8%
  • Adjusted EBITDA up to €878M (+25.6% vs 1H 2022)
  • Margins sharply up to 11.0% vs 8.8% in 1H 2022
  • Group net profit increase to €405M (+56.4%)
  • Strong cash generation with LTM Free Cash Flow at €567M

FOCUS ON THE BUSINESSES

  • Projects: sales and margins on the rise (organic growth at +23.5%; margins at 11.0%). €5.4 bn orders received YTD
  • Energy: organic growth driven by grid hardening and renewables (+3.4%)
  • Telecom: volume slowdown (organic growth at -5.2%), resilient margins (14.8%)

CO2 EMISSIONS (SCOPE 1&2) -9.8% vs 1H 2022. New targets approved by SBTi

INVESTMENT GRADE RATING assigned by S&P Global Ratings

 

Source:
Prysmian Group
Author:
Press Office
Link:
www.prysmiangroup.com/...
Keywords:
Prysmian, sales, target, revenue, guidance, margins, improvement, growth, cash flow, half, 2023



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