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Last €19.04 EUR
Change Today -0.20 / -1.04%
Volume 325.8K
PRY On Other Exchanges
Symbol
Exchange
PRY is not on other exchanges.
As of 5:11 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

prysmian spa (PRY) Snapshot

Open
€19.13
Previous Close
€19.24
Day High
€19.36
Day Low
€18.99
52 Week High
08/11/15 - €22.35
52 Week Low
10/16/14 - €12.34
Market Cap
4.1B
Average Volume 10 Days
1.7M
EPS TTM
€0.54
Shares Outstanding
216.7M
EX-Date
04/20/15
P/E TM
35.3x
Dividend
€0.42
Dividend Yield
2.19%
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.

19,813 Employees
Last Reported Date: 08/6/15

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 to Supply Wind Turbine Inter Array Cables for Bligh Bank 2 Project

Prysmian Group has won a contracts from Nobelwind NV to supply wind turbine inter array cables for the Bligh Bank 2 offshore wind farm, located off the coast of Zeebrugge in Belgium. Prysmian is responsible for the design, manufacture and supply of the 33 kV submarine cables with various cross-sections to be used to connect the 55 individual wind turbines and an Offshore High Voltage Substation (OHVS) that form the 181.5 MW wind farm located near the existing OHVS of Belwind1. In addition a 33 kV coupling cable shall be supplied for use as a back-up connection between the Belwind1 OHVS and the Bligh Bank OHVS. Prysmian will also provide the offshore cable termination and testing services for the project. The cables will be produced in Prysmian's facility in Drammen, Norway, one of the Group's excellence centres for submarine cables. Installation works are scheduled to be complete by the first half of 2017. This new project re-affirms the Group's full capability and expertise in offshore wind farm cable connections and demonstrates an extended ability to execute complex solutions that support the demands of this growing industry. Over the years Prysmian has moved ahead with major investments in new and upgraded assets, broadening the range of its offered products and innovative technologies, strengthening services and capabilities in production and execution in order to serve the market as a trusted and dedicated partner for offshore wind parks cabling needs, whether for medium voltage inter-array cables, HVAC and/or HVDC export cables, as well as turn-key EPC installation services. Prysmian can rely on three production facilities dedicated to submarine cables, situated in Arco Felice (near Naples, Italy), Pikkala (Finland) and Drammen (Norway); two installation vessels, Giulio Verne and the recently upgraded Cable Enterprise, together with well-proven in-house cable protection equipment, and specialised operations teams. Within its portfolio, Prysmian holds already an ever-increasing track record of offshore wind power connections.

Prysmian Group Secures Contract for Offshore Wind Farm Inter-Array Submarine Cables Supply in Belgium

Prysmian Group has been awarded contracts by Nobelwind NV, an offshore wind farm developer, to supply wind turbine inter array cables for the Bligh Bank 2 offshore wind farm, located off the coast of Zeebrugge in Belgium. Prysmian is responsible for the design, manufacture and supply of the 33 kV submarine cables with various cross-sections to be used to connect the 55 individual wind turbines and an Offshore High Voltage Substation (OHVS) that form the 181.5 MW wind farm located near the existing OHVS of Belwind1. In addition a 33 kV coupling cable shall be supplied for use as a back-up connection between the Belwind1 OHVS and the Bligh Bank OHVS. Prysmian will also provide the offshore cable termination and testing services for the project. The cables will be produced in Prysmian's facility in Drammen, Norway, one of the Group's excellence centers for submarine cables. Installation works are scheduled to be complete by the first half of 2017. This new project re-affirms the Group's full capability and expertise in offshore wind farm cable connections and demonstrates an extended ability to execute complex solutions that support the demands of this growing industry.

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.

 

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Industry Analysis

PRY

Industry Average

Valuation PRY Industry Range
Price/Earnings 35.8x
Price/Sales 0.6x
Price/Book 3.5x
Price/Cash Flow 16.1x
TEV/Sales 0.3x
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