Cable maker Prysmian raises full-year outlook after Q3 beats forecasts
MILAN: Italy’s Prysmian raised full-year forecasts on Thursday, citing strong performance and the contribution from its Atkore acquisition, after third-quarter results beat expectations.
The world’s largest cable maker also announced that it would expand production capacity in the United States.
It now expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €3.075 billion to 3.125 billion ($3.43-3.49 billion) this year, up from its previous forecast of €2.8-2.9 billion.
