Prysmian S.P.A. Ord (PRYMF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.892 -- 00:00:03.894 Good day 00:00:04.798 -- 00:00:10.087 and thank you for standing by. Welcome to Brisbane Q1 2026 Integrated 00:00:10.087 -- 00:00:15.115 Results Webcast and Conference Call. At this time, all participants are 00:00:15.115 -- 00:00:20.124 in a listen-only mode. After the speaker's presentation, there will be a question 00:00:20.124 -- 00:00:25.412 and answer session. To ask a question during the session, you will need to press star 00:00:25.412 -- 00:00:30.645 1 and 1 on your telephone. You will then hear an automated message advising your hand 00:00:30.645 -- 00:00:35.793 is raised. To withdraw your question, please press star 1 and 1 00:00:35.793 -- 00:00:40.721 again. Please be advised that today's conference is being recorded. 00:00:40.721 -- 00:00:44.988 I'd now like to hand the conference over to Massimo Battaglini, Chief Executive Officer 00:00:44.988 -- 00:00:48.710 of Britain. Please go ahead, sir. 00:00:48.934 -- 00:00:52.580 Thank you. Good morning, everyone, and welcome to the audience of Quota 126. 00:00:52.580 -- 00:00:54.483 We're 00:00:54.483 -- 00:00:59.860 very excited to to share a quarter one result that is well ahead of our expectation. 00:00:59.860 -- 00:01:05.106 And when I say well ahead, I mean almost 50 million upside over what we budgeted for 00:01:05.106 -- 00:01:09.492 quarter one, 26. But what is mostly 00:01:09.492 -- 00:01:14.998 is that the growth in EBITDA between quarter one, 25, 26 00:01:14.998 -- 00:01:18.663 is being mainly achieved organically. 00:01:18.663 -- 00:01:23.849 If you take this 80 million increase and you harmonize and utilize 00:01:23.849 -- 00:01:29.699 the Forex, This will lead to 120 million growth in EBITDA, out of which 00:01:29.699 -- 00:01:32.282 Chandler represented only 40...