Prysmian S.P.A. Ord (PRYMF) Q1 2025 Earnings Call

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with an EBITDA that hit 527 million EBITDA, nearly lost well ahead of last year, even if you consider the 95 million stopper limit due to the anchor wire consolidation in the quarter of 2025. The angular margin, which you see at the temple one, is reported according to the standard metal prices so far. Those are the metal prices based on the average of metal, copper, aluminum, and lead processing in the 10 years preceding the 2019, which you know very well because they are only reported in the appendix of the anatomy school. The organic rot was fantastic, 5% reduction, certainly driven by transmission, but also supported by stability in ANC, in Dahlgren, and not in the digital solution. 3K slow, also outstanding at 1 billion euro for the last 12 months. ESG performance and language reputation, minus 37 risk of 1 in 2 reduction versus the baseline. I remind you that our target for 2025 is to achieve at least 38%, so a very long track to achieve it. Net-zero is confirmed accelerated by the end of 2035. Revenue links to solutions sustainable with IS43, and we have a significant improvement in the recycled content of copper and recycled content of material, with this 19% trend adjustment up on the average of last year, thanks to a significant availability of the copper waste in our west perimeter, which Anchor Wire took advantage of. Relative transmission, I mean, all KPIs are super great and super satisfactory. The organic growth in particular is 60% never been that high. It is certainly driven by some extra activity, not necessarily coming from the extra capacity. We had only additional capacity in terms of one installation method, Mona Lisa, that joined our fleet at the beginning of this year. But as far as manufacturing goes, we are never like the same as last year. ...