News Release from Prysmian
Wind Industry Profile of
07/27/2023
Prysmian Group: Revenues up +4.8% and significantly FY 2023 guidance upgrade
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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