Financial PerformanceHistorically, Prysmian's organic EBIT has under-grown Electricals peers, and the trend is expected to resume in 2026-27, primarily because key divisions like Power Grids and Industrial and Construction are at peak margins.
Growth ExpectationsGrowth expectations for Electrification are lowered due to persistent auto end markets and seasonality effects, expecting a decline of 1% for FY24.
Investment UncertaintyIn High Voltage, uncertainty in the US may result in Prysmian pushing out its capacity investments there, which may limit the scope for positive revenue surprise.