Prysmian SpA (MIL:PRY)
€ 61.54 0.46 (0.75%) Market Cap: 17.66 Bil Enterprise Value: 22.91 Bil PE Ratio: 32.25 PB Ratio: 3.73 GF Score: 72/100
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Q3 2019 Prysmian SpA Interim Management Statement Call Transcript

Nov 12, 2019 / 05:00PM GMT
Release Date Price: €20.4 (-1.59%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the 9 months 2019 financial results call. (Operator Instructions) I must advise you, the call is recorded today, Tuesday, the 12th of November 2019.

I would now like to hand the call over to Valerio Battista, CEO. Please go ahead.

Valerio Battista
Prysmian S.p.A. - CEO, GM & Executive Director

Thank you very much, and good afternoon to everyone. Welcome to the Conference Call for the 9 Months 2019 Financial Results of Prysmian Group. Okay. Let's start with the financial highlights, as usual. Organic sales has been growing at 0.3%, mostly guided by North America, with outstanding performance of plus 3.3%, a solid trend in E&I, driven mostly by power distribution. The growth in telecom has closed in the first 9 months at 3.8%, thanks mostly to the Optical cable trend, but to be noted that in the first half, it was 7.8%. Consolidated quarter has seen a slowdown. Adjusted EBITDA closed at EUR 733 million, 8.9% of sales compared to the EUR 651 million in the first 9 months, 2018. With

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