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Last €21.76 EUR
Change Today +0.50 / 2.35%
Volume 2.2M
PRY On Other Exchanges
PRY is not on other exchanges.
As of 11:30 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

prysmian spa (PRY) Snapshot

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08/4/15 - €21.90
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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’s Energy Projects segment engineers, manufactures, and installs high voltage cables for underground and submarine power transmission; and advanced services for the construction of submarine power lines for offshore wind farms, such as project management and cable installation, as well as technological solutions. This segment also offers subsea umbilical, riser, and flowline products and services, such as multipurpose umbilical cables for transporting energy, telecommunications, fluids, and chemicals; high-tech flexible pipes and ducting for offshore oil extraction; and special DHT cables, which include cables to control downhole instrumentation, power cables, and hydraulic fluid cables. Its Energy Products segment manufactures medium voltage cables and systems to connect industrial and residential buildings to primary distribution grids; and low voltage products for power distribution and the wiring of buildings. This segment also provides cable systems for various industrial applications, such as trains, aircraft, ships, port systems, cranes, mines, nuclear industry, defence, electro-medical sector, and renewable energy; power, instrumentation, and control cables for the petrochemicals markets; connectorised and hoistway cables for elevator markets; network accessories and components to connect cables and other network elements; and residual products. The company’s Telecom segment manufactures cable systems and connectivity products for use in telecommunication networks. This segment’s product portfolio includes optical fiber, optical cables, connectivity components and accessories, optical ground wires, and copper cables. Prysmian SpA is headquartered in Milan, Italy.

19,000 Employees
Last Reported Date: 07/30/15

prysmian spa (PRY) Top Compensated Officers

Chief Executive Officer, General Manager and ...
Total Annual Compensation: €1.1M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: €525.0K
Chief Strategy Officer and Executive Director
Total Annual Compensation: €701.7K
Senior Vice President of Energy Projects and ...
Total Annual Compensation: €602.3K
Compensation as of Fiscal Year 2014.

prysmian spa (PRY) Key Developments

Prysmian Group Wins Electricity Supply Contract from Jersey Electricity plc for the Normandie 1 Project

Prysmian Group has won a new contract from Jersey Electricity plc for the Normandie 1 project to provide electricity to Jersey in the Channel Islands from the French mainland. The project involves the turn-key supply and installation of a High Voltage Alternate Current (HVAC) cable connection from France (Surville) to Jersey (Archirondel) comprising of 28 km of 90 kV 3-core cable in a single length as well as related network components and specialist jointing works. Prysmian will provide design, supply and commissioning of the submarine and land cable connections as part of a larger contract worth almost EUR 28 million, awarded to the consortium between Prysmian and VBMS; VBMS will perform the marine cable laying operations, including protection and landfall activities. The submarine cable will replace the existing obsolete Normandie 1 interconnector and its 100 MW capacity will be shared by both Jersey and Guernsey islands under the CIEG (Channel Islands Electricity Grid) partnership agreement, which is the vehicle through which the local utilities procure power from EDF in France. The submarine cables for the Normandie 1 link will be produced in the Arco Felice plant (Italy), the Group's centre of technological and manufacturing excellence. Project completion is scheduled in October 2016. The link will complement the existing interconnectors to provide the Channel Islands with a significant increase in their power import capability from France mainland.

Prysmian S.p.A. Reports Consolidated Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for the Fiscal Year 2015; Reports Impairment Expense for the Second Quarter Ended June 30, 2015

Prysmian S.p.A. reported consolidated earnings results for the second quarter and first half ended June 30, 2015. For the quarter, the company reported sales of goods and services of EUR 1,984 million against EUR 1,708 million a year ago. Operating income was EUR 90 million against EUR 134 million a year ago. Profit before taxes was EUR 57 million against EUR 95 million a year ago. Net profit attributable to owner of the parent was EUR 39 million against EUR 73 million a year ago. For the period, the company reported sales of goods and services of EUR 3,737 million against EUR 3,287 million a year ago. Operating income was EUR 173 million against EUR 176 million a year ago. Profit before taxes was EUR 120 million against EUR 102 million a year ago. Net profit attributable to owner of the parent was EUR 78 million against EUR 80 million a year ago. Basic and diluted earnings per share were EUR 0.37 against EUR 0.37 a year ago. Net cash flow provided by operating activities was EUR 39 million against Net cash flow used in operating activities of EUR 208 million a year ago. Investments in property, plant and equipment was EUR 74 million against EUR 67 million a year ago. Investments in intangible assets were EUR 4 million against EUR 9 million a year ago. Adjusted EBITDA was EUR 314 million against EUR 204 million a year ago. EBITDA was EUR 261 million against EUR 244 million a year ago. Adjusted EBITDA before share of net profit of equity- accounted companies EUR 296 million against EUR 189 million a year ago. Adjusted operating income was EUR 242 million against EUR 133 million a year ago. Based on the existing order book and considering the factors mentioned above, the Group is forecasting adjusted EBITDA for 2015 in the range of EUR 590 million ­EUR 640 million (EUR 616 million ­ EUR 666 million excluding the negative impact of the Western Link project), marking a significant improvement from the million 509 million reported in 2014. For the quarter, the company reported non-recurring impairment expense of EUR 1 million.

National Grid Selects Prysmian and Nexans to Build NSN Link

National Grid plc has awarded contracts totaling EUR 1.5 billion to Prysmian and Nexans SA to build the North Sea Network, or NSN, link, the first electricity link between UK and Norway. The converter stations in both UK and Norway will be delivered by ABB, the power technology specialist. The project, which will establish a first direct connection between the two countries energy systems, is a joint venture between National Grid and Statnett SF, the Norwegian transmission system operator. The new interconnector will contribute to increased production and use of renewable energy on both sides and will have a capacity of 1,400MW.


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Valuation PRY Industry Range
Price/Earnings 38.6x
Price/Sales 0.6x
Price/Book 3.8x
Price/Cash Flow 17.4x
TEV/Sales 0.4x

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