Prysmian S.P.A. Ord (PRYMF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.817 Good morning and welcome everyone to the earning calls of quarter 1.25. 00:00:05.817 -- 00:00:11.063 We are really off for a great start in 2025 with an EBITDA that 00:00:11.063 -- 00:00:16.388 hit 527 million EBITDA, million euros, well ahead 00:00:16.388 -- 00:00:21.573 of last year, even if you consider the 95 million extra perimeter 00:00:21.573 -- 00:00:25.698 due to the anchor wire consolidation in 00:00:25.698 -- 00:00:27.520 quarter 1.25. 00:00:27.520 -- 00:00:33.246 The EBITDA margin, which you see at 13.1, is 00:00:33.269 -- 00:00:35.653 reported according to the standard metal prices. 00:00:35.653 -- 00:00:41.082 So those are the metal prices based on the average of metal, copper, 00:00:41.082 -- 00:00:46.712 and aluminum, and lead prices in the 10 years preceding 2019, 00:00:46.712 -- 00:00:50.939 which you know very well because they are normally reported in the appendix of the Analyse 00:00:50.939 -- 00:00:56.230 Code. The organic growth was fantastic, 5% EBITDA, certainly driven 00:00:56.230 -- 00:01:00.397 by transmission, but also supported by stability 00:01:00.397 -- 00:01:04.945 in INC, in power grid, and growth in digital solution. 00:01:04.945 -- 00:01:09.973 Free cash flow also outstanding at 1 billion euro for the 00:01:09.973 -- 00:01:15.202 last 12 months. ESG performance in language expectation, minus 37 risk 00:01:15.202 -- 00:01:17.875 of one and two reduction versus the baseline. 00:01:17.875 -- 00:01:22.962 I remind you that our target for 2025 is to achieve at least 38%, so 00:01:22.962 -- 00:01:28.370 we're well on track to achieve it. Net zero is confirmed accelerated 00:01:28.370 -- 00:01:33.114 by the end of 2035. Revenue 00:01:33.117 -- 00:01:38.265 linked to solutions sustainable is as high as ...