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Last €19.31 EUR
Change Today 0.00 / 0.00%
Volume 600.5K
PRY On Other Exchanges
PRY is not on other exchanges.
As of 11:30 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

prysmian spa (PRY) Snapshot

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52 Week High
05/28/15 - €21.13
52 Week Low
10/16/14 - €12.34
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Current Stock Chart for PRYSMIAN SPA (PRY)

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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.

19,436 Employees
Last Reported Date: 03/17/15

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 Announces Development of Underwater Cable for FirstPath

Prysmian Group announced the development of underwater cable for FirstPath. Given the huge expense and complexity of underwater cable deployment, coupled with rising fiber demand, FirstPath needed a new underwater solution. The cable needed to be small and light-weight for easy installation but also offer the high possible fiber capacity. Prysmian's latest design combines its BendBrightXS fiber with advanced Flextube cable technology, to create an incredibly fiber dense underwater cable. The ability to more than double the installed fiber capacity for almost the same installation cost of the typical 312 fiber underwater cable was a very attractive offering from Prysmian. Their outside of the box thinking was a perfect fit for company's needs. The installation presents a first for both companies. FirstPath's first underwater cable deployment and Prysmian's high fiber-count underwater cable. This innovative approach provides 720 fiber cores in the same form factor as a conventional 312 fiber solution. This lowers the total cost of ownership, providing over double the fiber capacity per cable for the same installation costs.

Prysmian S.P.A. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Prysmian S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2015. Group Sales amounted to €1,753 million compared with €1,579 million in the first quarter of 2014, posting organic growth of +5.9% calculated for the same Group perimeter and net of metal price and exchange rate effects. This positive result particularly reflects the Group's leadership position in the hightech higher value added businesses of submarine cables and systems and optical fibre telecom cables, where demand is proving solid. Adjusted EBITDA amounted to €120 million, a major increase on €78 million in the first quarter of 2014. Excluding the adverse impact of the Western Link project, Adjusted EBITDA would have been €135 million, compared with €115 million in the corresponding period of 2014. EBITDA amounted to €106 million, compared with €98 million in the first quarter of 2014. Net profit was €42 million, significantly up from €5 million in the same period of 2014. The company reported positive cash flow from operating activities (before changes in net working capital) of €93 million and net operating capital expenditure of €22 million. The company expects adjusted EBITDA target in range €560 to €610 million in the fiscal year 2015.

Prysmian Group Secures New Award by 50Hertz Offshore GmbH

Prysmian Group has secured a new award by 50Hertz Offshore GmbH - a subsidiary of 50Hertz Transmission GmbH, transmission grid operator in Germany - worth approximately EUR 230 million to design, produce and install a power cable system for the offshore wind park cluster West of Adlergrund in the German Baltic Sea. The award comes as a result of 50Hertz exercising an option for a further grid connection already provided for in the existing contract for the West of Adlergrund project - that was originally worth EUR 480 million effective immediately with options for further grid connections to be activated separately - when secured by Prysmian in May 2014. The project scope comprises the design, supply and installation of multiple high voltage submarine cable systems, now including this additional connection, between planned Offshore Wind Parks, approximately 40 km north-east of the island of Ruegen, to the Lubmin substation in North East Germany (and consequently with the mainland electricity grid) along a route of approximately 90 km (submarine) and 3 km (land). The 220 kV HVAC (High Voltage Alternate Current) 3-core extruded cables (including fibre optic cable system) will be produced in the Group's centres of technological and manufacturing excellence for submarine cables in Pikkala (Finland) and Arco Felice (Naples, Italy), which have recently been upgraded to be fully equipped to manufacture and test large cross-section 3-core cables up to 400 kV AC. The production of the West of Adlergrund cable systems has already started and installation operations are scheduled to begin in 2015. Marine cable laying will be performed using the Group's DP2 ship Cable Enterprise specifically geared to use her particular expertise in offshore wind farm connections in the best way to serve the growing markets in Northern Europe and to provide highly complex installation solutions. The vessel has been newly upgraded and converted from dumb barge to self-propelled DP2 vessel able to operate in very shallow waters.


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Valuation PRY Industry Range
Price/Earnings 28.5x
Price/Sales 0.6x
Price/Book 3.4x
Price/Cash Flow 14.8x
TEV/Sales 0.3x

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