Prysmian S.p.A. (PRYMY) Q1 2026 Earnings Call April 30, 2026 4:00 AM EDT
Company Participants
Massimo Battaini - Group CEO, GM & Executive Director
Pier Facchini - CFO, CEO of Finance, Administration, Control & IT and Executive Director
Conference Call Participants
Daniela Costa - Goldman Sachs Group, Inc., Research Division
Christopher Leonard - UBS Investment Bank, Research Division
Vivek Midha - Citigroup Inc., Research Division
Akash Gupta - JPMorgan Chase & Co, Research Division
Uma Samlin - BofA Securities, Research Division
Sean McLoughlin - HSBC Global Investment Research
Lucas Ferhani - Jefferies LLC, Research Division
Alessandro Cecchini - Equita SIM S.p.A., Research Division
Nabil Najeeb - Deutsche Bank AG, Research Division
Alessandro Tortora - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to Prysmian Q1 2026 Integrated Results Webcast and Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to Massimo Battaini, Chief Executive Officer of Prysmian. Please go ahead, sir.
Massimo Battaini
Group CEO, GM & Executive Director
Thank you. Good morning to everyone, and welcome to the earnings call of quarter 1, '26. We're very excited to share our quarter 1 result that is well ahead of our expectation. And when I say well ahead, I mean, almost EUR 50 million upside over what we budgeted for quarter 1, '26.
But what is mostly starting is that the growth in EBITDA between quarter 1, '25, '26 has been mainly achieved organically. If you take this EUR 80 million increase and you harmonize and neutralize the ForEx, this will lead to EUR 120 million growth in EBITDA, out of which Channell represented only EUR 40 million of this EUR 120 million.
Also outstanding is the EBITDA margin in the quarter, 14.2%, 1.1 percentage point higher
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