Prysmian SpA (OTCPK:PRYMY)
$ 33.34 0.39 (1.18%) Market Cap: 19.24 Bil Enterprise Value: 20.96 Bil PE Ratio: 32.24 PB Ratio: 3.84 GF Score: 77/100

Half Year 2019 Prysmian SpA Earnings Call Transcript

Aug 01, 2019 / 04:00PM GMT
Release Date Price: $10.49 (+3.86%)
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Prysmian Group First Quarter 2019 Financial Results Conference. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, the 1st of August 2019.

And now I will like to hand the conference over one of your speakers today, Valerio Battista. 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 first half 2019 results conference call of Prysmian Group.

First page. Financial highlights of the first half. The organic sales growth went up to 1.9% positive, not so bad, let me comment, thanks to Telecom that performed very well with a 7.9% organic growth, and particularly with a double-digit organic growth in Optical cables. Solid trend of E&I, 3.1%, of which we posted a double-digit growth in Power Distribution. Very good performance of North America, with an -- a growth of 4.7%.

Adjusted EBITDA, the results.

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