Prysmian SpA (IT:PRY) has released an update.
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Prysmian SpA reported robust financial results for the first nine months of 2024, marked by a 9.6% increase in adjusted EBITDA to €1.409 million and a net profit rise to €619 million. The company’s profitability was bolstered by strong performance in its Transmission and Power Grid segments, alongside the successful integration of Encore Wire, leading to improved margins across its operations. Additionally, Prysmian’s focus on enhancing recycled content and green products further underscores its commitment to sustainable growth.
For further insights into IT:PRY stock, check out TipRanks’ Stock Analysis page.
