The Milan-based Prysmian (telecommunications cables and systems) closed the third quarter of 2026 with group revenues of 6.417 billion euros, marking growth of 13.1% on an organic basis. Driving the result was the positive contribution of all business segments: Transmission (+23.1%), Power Grid (+7.5%), Industrial & Construction (+14.2%), Specialties (+5.3%) and Digital Solutions (+17.3%).
Record EBITDA, declining net profit
Adjusted Ebitda jumped by 32.1%, reaching 851 million euros compared to 644 million in the same period of 2025. According to the company, this is the best quarterly performance ever. Margin at standard metal prices stood at 16.8%, up from 14.8% in Q3 2025.
Net profit went against the trend, falling by 31.4% to 408 million euros from the 595 million recorded a year earlier. In the first nine months of 2026 the figure stopped at 998 million euros, compared to 1.036 billion in the same period of 2025, the year in which a non-recurring benefit linked to the sale of Yofc had a positive impact.
Cash flows and debt
Free cash flow for the last twelve months as of 30 September 2026 stood at 1,434 million euros, a marked improvement compared to 859 million in the same period of 2025. Net financial debt fell to 2,857 million euros as of 30 September 2026, from 4,318 million a year earlier.
In the first nine months of 2026, overall revenues reached 17.656 billion euros, up compared to 14.684 billion in the corresponding period of 2025, with an organic increase of 9.2%. The adjusted Ebitda for the period rose to 2.182 billion euros, with a margin of 15.5%.