Prysmian lifts guidance after record quarterly results - 30 Jul 2026

Описание: Video Transcript

As of July 30, today’s news is dominated by Prysmian's impressive results and updated profit guidance, alongside significant developments in the technology and energy markets. Prysmian has raised its guidance after announcing its best quarterly performance to date, with Adjusted EBITDA reaching 730 million euros and revenues reflecting a robust 9.4% organic growth. The quarterly margin improved to 15.4%, compared to 14.5% in Q2 2025. This performance underscores Prysmian's dominant position in the cable market, particularly for data centers, bolstered by the recent Molex deal and enhancements in its Digital Solutions capacity. During the analyst call, CEO Massimo Battaini emphasized that data centers represent the most substantial growth opportunity, reaffirming an M&A strategy focused on the US market while also considering opportunities in Europe and Latin America. He described a US listing as a top priority for the company. With these developments, Prysmian appears well-fortified to exceed its targets set for 2028, and a new Capital Markets Day is scheduled for the first half of 2027. In personnel news, Anna Tanganelli will be appointed as the new Chief Financial Officer, taking over from Pier Francesco Facchini, who will depart at the end of 2026 for new ventures. Following these announcements, Prysmian shares increased by 4.49% during the trading day. On the market front, US stocks experienced a surge, primarily driven by strong earnings from Microsoft, which alleviated investor concerns regarding AI expenditures. The S&P 500 saw a modest rise, with Microsoft shares climbing significantly due to growth in its cloud division. In contrast, other tech giants like Meta Platforms faced difficulties; the company reported disappointing forecasts that resulted in a drop in its stock price. Investor sentiment remains cautious, influenced by rising Treasury yields that have reached levels not seen in nearly two decades, owing to persistent inflation worries. Among competitors, Schneider Electric reported strong earnings and raised its guidance in response to heightened demand for data center solutions. On the other hand, Stellantis reported quarterly operating income that fell short of expectations, raising concerns about its turnaround strategy. In international news, a drone strike targeting gas vessels in Egypt's Mediterranean port of Damietta has raised alarms about potential escalations in the U.S.-Iran conflict, which could threaten navigation through the Suez Canal—vital for Saudi oil exports.