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

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to Brisbane Q1 2026 Integrated Results Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Massimo Battaglini, Chief Executive Officer of Britain. Please go ahead, sir. Thank you. Good morning, everyone, and welcome to the audience of Quota 126. We're very excited to to share a quarter one result that is well ahead of our expectation. And when I say well ahead, I mean almost 50 million upside over what we budgeted for quarter one, 26. But what is mostly is that the growth in EBITDA between quarter one, 25, 26 is being mainly achieved organically. If you take this 80 million increase and you harmonize and utilize the Forex, This will lead to 120 million growth in EBITDA, out of which Chandler represented only 40 million of these 120. Also outstanding is the EBITDA margin reported, 14.2%, 1.1% a point higher than what we recorded for last year. So with this set of results, we can confirm that we are well on track to achieve the 2028 capital market day target of 3 billion and plus, and also very confident to be able to hit the upper part of our guidance for 2026, namely well above the 2.7 billion of the midpoint. Before moving to the usual by business review, I'd like to share with you some exciting news about the further expansion that we can have in the data center space through starting...