Prysmian’s Q1 profits surge by nearly 50% on renewable energy projects and high-voltage submarine cables

Prysmian, the world's leading cable manufacturer, has reported a significant increase in profits for the first quarter of 2023. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 48.3% to €427m, excluding net expenses for company reorganisations, net non-recurring expenses and other net non-operating expenses. The boost in profitability was attributed to the