Last €16.38 EUR
Change Today -0.11 / -0.67%
Volume 1.6M
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02/17/14 - €19.29
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prysmian spa (PRY) Details

Prysmian SpA, together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. The company operates in two segments, Energy and Telecom. The Energy segment offers high voltage cables for underground and submarine power transmission; cables and systems for the trade and installers market for the wiring of buildings, as well as for the distribution of electricity to or in commercial and residential buildings; cables and accessories for special industrial applications; and residual products. The Telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment’s product portfolio includes optical fiber, optical cables, connectivity components and accessories, optical ground wires, and copper cables. The company is headquartered in Milano, Italy.

19,778 Employees
Last Reported Date: 11/17/14

prysmian spa (PRY) Top Compensated Officers

Chief Executive Officer, General Manager and ...
Total Annual Compensation: €6.2M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: €2.4M
Chief Strategy Officer and Executive Director
Total Annual Compensation: €2.8M
Compensation as of Fiscal Year 2013.

prysmian spa (PRY) Key Developments

Prysmian Group Wins EUR 90 Million Contract by NGCP

Prysmian Group has been awarded a contract by the NGCP worth a total of around EUR 90 million for the design, supply, installation, and commissioning of a submarine power cable link to connect Negros and Panay islands in the Philippines. The Negros-Panay connection project, known as CNP-1 (Cebu-Negros-Panay phase 1), is the first stage of a larger development plan by NGCP, aimed at connecting the Cebu, Negros and Panay islands to each other and at strengthening the Country's power transmission network. The submarine cable link will be one of the main assets to play a core role in this plan as it will back up the existing 138 kV oil filled cable circuit, which is currently the only connection among the islands. This new project reconfirms Prysmian's undisputed key role in the submarine cable systems industry as a truly reliable and dedicated leader in the execution of turn-key complex projects. The CNP-1 cable connection comprises three HVAC (High Voltage Alternating Current) 230 kV single core cables with XLPE insulation and single wire armouring along a 22 km submarine route across the Guimaras Strait. As part of the complete system Prysmian will also supply and install underground cables for the land portions of the link and will erect the two Cable Terminal Stations (CTS) in Barotac Viejo on the Panay side and in Magalona on the Negros side. Cables will be produced in the Group's excellence centre for submarine cables in Arco Felice, near Naples (Italy). Delivery and commissioning is scheduled for the first half of 2016. The Group is already a leading supplier and installer of submarine cable links throughout the strategic and high-growth Asia Pacific Region, with milestone projects such as the Penang Island in Malaysia, the Java-Bali link in Indonesia, the Cheju Island in Korea, the Ha Tien-Phu Quoc in Vietnam and the Basslink interconnector in Australia, just to name a few. The CNP-1 project is the Group's first turn-key in the Philippines. With the goal of continuing to meet the needs of high potential growth markets for the development of new infrastructure, the Group is moving ahead with a major investment programme to expand production capabilities and to multiply the use of innovative technologies such as HVDC (High Voltage Direct Current) cables, which let large quantities of energy be transmitted over long distances. Furthermore, the Group has strengthened its portfolio of connections to mainland grids and inter-array connections between turbines, also to cables manufactured at the Drammen plant in Norway and to installation services provided by the cable laying ship Cable Enterprise, which will soon be leaving docks after extensive upgrade from dumb barge to self-propelled DP2 vessel.

Prysmian SpA Wins EUR 90 Million Submarine Cable Contract in Philippines

Prysmian SpA announced that it has won a EUR 90 million (USD 111.2 million) contract with the National Grid Corporation of the Philippines (NGCP) to install a submarine power cable connection between the Negros and Panay islands. The project, named CNP-1, represents the first stage of a larger plan for connecting the Cebu, Negros and Panay islands and reinforcing the country's power transmission network. Under the CNP-1 project, 22 km (14 miles) of 230-kV high voltage alternating current (HVAC) cables will be laid underwater across the Guimaras Strait. Prysmian will also supply and install the underground cables part of the connection and will erect the two cable terminal stations (CTS) on the two islands. The cables will be manufactured at the Arco Felice centre for submarine cables near Naples, southern Italy. Delivery and commissioning is scheduled for the first half of 2016.

Prysmian Group Wins Contract Worth Total of Around EUR 64 Million

Prysmian Group has been awarded a contract worth a total of around EUR 64 million by the Turkish utility TEIAS (Turkish Electricity Transmission Corporation. This second link across the Dardanelles will complement the interconnection that Prysmian Group is currently executing along the same route in these days under the first contract awarded by TEIAS in September 2012, and will play a strategic role in order to complete Turkey's power transmission grid and to ensure reliable and cost-effective power flow from the Asian generation sites to the country's European main consumption centres including the congested Istanbul area and closing the ring around the Marmara Sea.


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Price/Earnings 17.7x
Price/Sales 0.4x
Price/Book 2.6x
Price/Cash Flow 9.6x
TEV/Sales 0.2x

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