Prysmian reports strong Q1 results
- Admin
- May 9, 2024
- 1 min read
Prysmian's specialties business reported strong financial results in Q1 2024, driven by double-digit growth in renewables and margin expansion. Prysmian also received Notice to Proceed for key projects like Amprion Frame Agreement and EGL 2. The power grid business experienced significant improvement in earnings and margin, attributed to structural market trends. The CEO, Massimo Battaini, emphasized the company's commitment to accelerating energy transition and highlighted the strategic acquisition of Encore Wire in North America.
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