Prysmian is trading 3% up today at €118.15 after the company raised its 2026 profit forecast and reported second-quarter adjusted core profit above market expectations.
- The earnings beat was primarily supported by booming demand for data-center cables and high-voltage infrastructure, signaling strong growth in critical sectors.
- Management's upgraded long-term outlook has triggered renewed buying interest, effectively offsetting recent profit-taking by traders.
- The company's sector-leading positioning in power and data infrastructure continues to underpin investor confidence following the improved guidance.