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Last €18.49 EUR
Change Today +0.33 / 1.82%
Volume 1.2M
PRY On Other Exchanges
Symbol
Exchange
PRY is not on other exchanges.
As of 11:30 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

prysmian spa (PRY) Snapshot

Open
€18.20
Previous Close
€18.16
Day High
€18.57
Day Low
€18.20
52 Week High
04/10/15 - €20.04
52 Week Low
10/16/14 - €12.34
Market Cap
4.0B
Average Volume 10 Days
1.4M
EPS TTM
€0.54
Shares Outstanding
216.7M
EX-Date
04/20/15
P/E TM
34.2x
Dividend
€0.42
Dividend Yield
2.27%
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: €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 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.

Prysmian S.P.A. Raises $816.55 Million in Private Placement of Bonds

Prysmian S.p.A. announced that it has raised EUR 750 million through a private placement of an unrated bonds. The bonds will have a maturity of seven years and will pay an annual fixed coupon equal to 2.5%, with an issue price equal to 99.002. The bonds, due on April 11, 2022, have minimum denominations of EUR 0.1 million, plus integral multiples of EUR 0.01 million. The bonds' settlement date is expected to be April 9, 2015. The company intends to use the net proceeds from the offering to finance the redemption of its existing notes of EUR 400 million maturing on April 9, 2015 and for general corporate purposes of the group, including the refinancing of existing debt.

Prysmian Not In Talks With General Cable

Prysmian S.p.A. (BIT:PRY) is not in talks with General Cable Corp. (NYSE:BGC) for a merger but it is considering all growth opportunities, Prysmian's spokesman said. Valerio Battista, Prysmian Chief Executive Officer, said in December that there were no talks to buy General Cable nor to merge with Nexans Société Anonyme (ENXTPA:NEX).

 

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Industry Analysis

PRY

Industry Average

Valuation PRY Industry Range
Price/Earnings 30.7x
Price/Sales 0.5x
Price/Book 3.1x
Price/Cash Flow 13.9x
TEV/Sales 0.2x
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