(Alliance News) - The board of directors of Prysmian Spa has approved the group's consolidated results for the first half of the year, closing with net income at EUR410 million, down from EUR413 million in the first half of 2023.

Net income attributable to shareholders of the parent company was EUR402 million, up from EUR405 million in the same period last year.

Group revenues were EUR7.81 billion, with organic growth of 3.0 percent. "The strong organic growth generated by the Transmission (+9.5 percent) and Power Grid (+1.7 percent) business was offset by lower revenues in both the Electrification and Digital Solutions businesses."

Ebitda stood at EUR801 million from EUR828 million in the same half of last year, "including net charges for corporate reorganizations, nonrecurring charges and other nonoperating charges of EUR68 million from EUR50 million in June 2023," the company note specifies.

Net debt decreased to EUR1.32 billion as of June 30, 2024 from EUR2.06 billion at the end of June last year.

Prysmian closed Wednesday's session in the green by 0.7 percent to EUR63.54 per share.

By Maurizio Carta, Alliance News reporter

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