The most significant contribution to Adjusted EBITDA was attributable to the margins improvement of the Telecom business. The integration with General Cable started in record times, with the launch of the new organisation, just ten days after the closing on 6 June 2018, and the rapid start of works for the procurement area and of the organisational streamlining. Expected synergy targets were thus confirmed at €150 million, with impacts as early as 2018 year-end results. For the remainder of this year, we confirm the forecasts for full-combined adjusted EBITDA in the range between €860 and €920 million.”

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