Q4 2023 Prysmian SpA Earnings Call Transcript

Mar 01, 2024

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Feb 29, 2024 / 09:00AM GMT
Operator

Good day, and thank you for standing by. Welcome to the Prysmian Full Year 2023 Financial Results Conference Call. We have on line with us Valerio Battista, CEO; Massimo Battaini, designated CEO; and Pier Francesco Fatima, CFO.

(Operator Instructions)

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Valerio Battista. Please go ahead.

Valerio Battista - Prysmian S.p.A. - MD, CEO & Executive Director

Thank you very much, and good morning to everyone. Gentlemen, this is my and Francesco's 68th quarter results call. After 17 years, we are still here surviving and managing the company.

So let's go with the result. You have already seen from the press release our EBITDA reached EUR 1.628 billion, with, let me say, obtaining the 10.6% margin. The net profit reached EUR 529 million, and the free cash flow, that is one of the most important chapter of our management, is EUR 724 million; ROCE, 23.1%; dividend proposal for the shareholders, and as you know, I am

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