Prysmian and its subsidiaries produce, distribute and sell cables and systems and related accessories for the energy and telecommunications industries. Co. operates in two segments. The energy segment includes utilities, which organized in four lines of business, comprising high voltage, power distribution, accessories and submarine; trade and installers; industrial; and other, such as sales of residual products. The telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment is organized in the following lines of business: optical fibre, optical cables, connectivity components and accessories, Optical Ground Wire and copper cables.
  • TickerPRY
  • ISINIT0004176001
  • SectorElectronic & Electrical Equipment
  • CountryItaly

Analysts

Expert Corporate Governance Service (ECGS)

Prysmian - AGM 05 June 2019

The AGM was originally called on April 17, but the Board resolved to postpone it to June 5, to analyse the impacts on the financial statements of technical faults in the WesterLink submarine interconnection of April 8. The Agenda is identical to that of April 17, but the Board resolved to withdraw the proposed amendments to long-term incentive plans (item 7 in the April's AGM Agenda). In item 2, the Board proposes to distribute a dividend of € 0.43 per share on 2018 results, unchanged despite the € 72 million reduction in net income after the restatement of 2018 financials. We regret that the...

Thanks to a better fundamental star rating, PRYSMIAN sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to PRYSMIAN (IT), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 17.19 and its expected value was estimated at EUR 16.82.

Expert Corporate Governance Service (ECGS)

Prysmian April 17th, 2019

In item 4, the AGM  is called to appoint the Board of Statutory Auditors on slates of nominees submitted by shareholders holding, even jointly, at least 1.0% of Prysmian's share capital. Two slates of nominees have been submitted, by the largest shareholder Clubtre SpA (3.9%) and a group of institutional investors jointly holding 4.1%. One of the institutional investors that submitted the slate of nominees is Generali Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note that these partners do not provide consulting services to Generali. Vo...

Prysmian – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - PRYSMIAN SPA : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €19.300. The next target is at €14.710, then €12.714. Passing €19.300 would question the continuation of the fall.

Remi Ramadou

PRYSMIAN- 1Q18 - Good start to the year; getting ready for General Cable integration

Prysmian, the Italian cable manufacturer, published satisfactory results for 1Q18, with organic sales up 3.1% yoy and EBITDA margin broadly stable at 8.1% (vs. 8.3% last year)despite unfavorable exchange rates (-€13m on Q1 EBITDA) and a non-recurring impact (-€20m) related to a provision in submarine projects.

Remi Ramadou

PRYSMIAN - 4Q17 - Good results as expected; €500m capital increase confirmed for GC acquisition

Prysmian, the world largest cable manufacturer, reported good 4Q17 results in line with expectations.FY17 reported EBITDA came in at a €733m (vs. €736m for Bloomberg consensus), meeting the mid-point of management’s guidance (€710m-€750m). Q4 organic sales were up 2.9% yoy to €2.04bnd, riven by improving market conditions for building power cables and continued dynamism in both the telecom (16% of group sales) and industrial cables (19% of group sales) businesses.

Remi Ramadou

Prysmian - 1Q17 - Project phasing in submarine drive down 1Q results

Prysmian, the world largest cable manufacturer, has released mixed 1Q17 results with organic sales down 3.7% yoy to €1.85bn. Most of this downturn came from the Energy project division (21% o...

Gabriele Gambarova

PRYSMIAN - We expect decent Q2 results and adjust our estimates

2 directors bought

Two Directors at Prysmian SPA bought 1,080 shares at 24.627EUR. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Thanks to a better fundamental star rating, PRYSMIAN sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to PRYSMIAN (IT), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 17.19 and its expected value was estimated at EUR 16.82.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Prysmian - AGM 05 June 2019

The AGM was originally called on April 17, but the Board resolved to postpone it to June 5, to analyse the impacts on the financial statements of technical faults in the WesterLink submarine interconnection of April 8. The Agenda is identical to that of April 17, but the Board resolved to withdraw the proposed amendments to long-term incentive plans (item 7 in the April's AGM Agenda). In item 2, the Board proposes to distribute a dividend of € 0.43 per share on 2018 results, unchanged despite the € 72 million reduction in net income after the restatement of 2018 financials. We regret that the...

Expert Corporate Governance Service (ECGS)

Prysmian April 17th, 2019

In item 4, the AGM  is called to appoint the Board of Statutory Auditors on slates of nominees submitted by shareholders holding, even jointly, at least 1.0% of Prysmian's share capital. Two slates of nominees have been submitted, by the largest shareholder Clubtre SpA (3.9%) and a group of institutional investors jointly holding 4.1%. One of the institutional investors that submitted the slate of nominees is Generali Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note that these partners do not provide consulting services to Generali. Vo...

Prysmian – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 12/04/2018

In item 5, the AGM is called to appoint the Board of Directors on slates of nominees submitted by shareholders holding, even jointly, at least 1.0% of the share capital. Three slates of nominees have been submitted, respectively by the outgoing Board of Directors (sub-item 5.1: 10 nominees, including the non-executive Chairman, 4 executives and 5 independent nominees), Tamburi Investment Partners through Clubtre Srl (sub-item 5.2: 3.9% of the share capital, including 2 members of Tamburi Investment Partners' Board) and a group of institutional investors cumulatively holding 6.2% (sub-item 5.3,...

Jérôme VINERIER

Short term view - PRYSMIAN SPA : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €19.300. The next target is at €14.710, then €12.714. Passing €19.300 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - PRYSMIAN SPA : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 19,300 € prochainement. Le prochain objectif est à 14,710 €, puis 12,714 €. Le franchissement de 19,300 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - PRYSMIAN SPA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €14.710. The background trend would be questioned should prices rise above €19.300.

Jérôme VINERIER

Analyse court terme - PRYSMIAN SPA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 14,710 €. La tendance de fond serait remise en cause en cas de franchissement de 19,300 €.

Jérôme VINERIER

Medium term view - PRYSMIAN SPA : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €14.691, then €10.924. Passing €22.400 would question the continuation of the fall.

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