Q1 2023 Prysmian SpA Interim Management Statement Call Transcript
Good day and thank you for standing by. Welcome to the Prysmian Group Q1 2023 Financial Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Valerio Battista, CEO. Please go ahead.
Thank you, very much, and good afternoon to everyone. Valerio Battista speaking from the Prysmian headquarter in Milan. Let's start with the general recap of our results. First quarter (inaudible) in a nutshell has been a very good quarter, almost EUR 4 billion sales, EUR 427 million margin EBITDA, EUR 581 million group free cash flow LTM, net debt down to EUR 2,074 million. The organic growth for this quarter has been 9%. Pretty good performance, as we say, with an adjusted EBITDA margin overall of 10.7%. Very strong grid hardening organic growth with 12%, regarding, meaning, obviously, overhead lines and power distribution. The operative net working capital, we have been able to
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