Q1 net profit 190 mln eur vs 187 mln (Il Sole 24 Ore Radiocor) - Milan, 09 May - The Italian cable manufacturer Prysmian said that in the first quarter revenue fell an organic 5.6% to 3.687 billion euros.

Adjusted EBITDA slipped to 412 million euros from 427 million a year earlier, but the margin improved to 11.2% from 10.7%.

Net profit increased to 190 million euros from 187 million and attributable net profit amounted to 185 million euros against 182 million.

Free cash flow over 12 months rose to 827 million euros, up by 42.3% compared to 581 million in March 2023.

Net financial debt fell to 1.693 billion euros at March 2024 from 2.074 billion a year earlier.

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(RADIOCOR) 09-05-24 08:50:34 (0185) 5 NNNN