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Prysmian telecom sales decline 19% to EUR 352 mln in Q1, withdraws guidance

Wednesday 13 May 2020 | 10:15 CET | News
Milan-listed cable maker Prysmian reported a 19.0 percent organic decline in its telecommunications business to EUR 352 million in the first quarter of 2020, impacted by lower volumes and price pressures due to the coronavirus crisis as well as the strong performance recorded in the year-earlier quarter. The world's largest cable maker added that its telecom business was also impacted by the lack of the contribution from Chinese subsidiary YOFC, whose headquarters and plants are located in the Hubei province.

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Categories: Fixed
Companies: Prysmian
Countries: Italy / World
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