(Teleborsa) – Prysmian archives the first 9 months with revenues of 5,8 billion euros while net profit amounts to 196 million with a growth of 4,3% on the same period last year against an Ebitda at 512 million (+5%).
“The results of the first nine months of 2017 show an improvement in profitability even in a context of substantially stable revenues, with signs of recovery in the third quarter – comments the Chief Executive Officer Valerio Battista -. In particular, we report significantly expanding volumes and margins in Telecom, driven by the growing demand for optical cables, and improving margins in Energy Projects thanks to the progressive insourcing of submarine cable installation services”.
For the entire 2017 financial year – adds the CEO – “we confirm the profitability targets communicated to the market, despite the negative impact of the results of the subsidiary Oman Cable Industries and the unfavorable trend in exchange rates”.
Net Financial Debt amounted to 1,05 billion as at 30 September 2017, down from 1,07 billion as at 30 September 2016, also including the 100 million buy-back plan implemented starting from January.
