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Italy's Prysmian raises full-year outlook on Channell acquisition
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Italy's Prysmian raises full-year outlook on Channell acquisition
Jul 30, 2025 10:07 PM

July 31 (Reuters) - Italy's Prysmian on

Thursday increased its forecasts for full-year core profit and

cash generation following its acquisition of U.S. connectivity

device manufacturer Channell, as the cable maker beat consensus

with its first-half results.

Milan-based Prysmian said it now expects full-year adjusted

earnings before interest, taxes, depreciation, and amortization

(EBITDA) at 2.3 billion-2.38 billion euros, versus a previous

forecast of 2.25-2.35 billion euros.

($1 = 0.8751 euros)

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