Prysmian SpA
MIL:PRY
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Prysmian SpA
Prysmian SpA stands as a global leader in the world of cable manufacturing, a company rooted in a multifaceted approach to technology and connectivity. Formed from the spun-off cable and systems operations of the Italian conglomerate Pirelli, Prysmian has meticulously woven itself into the intricate fabric of global infrastructure. The company’s operations extend across the development, production, and distribution of cables that serve critical industrial sectors, including telecommunications, energy, and transportation. Prysmian's strategic expansion, epitomized by its acquisition of General Cable in 2018, has augmented its market reach and technological prowess, solidifying its position as the largest cable provider worldwide.
Prysmian's business model is a testament to its agile adaptation to market needs and technological advancements. By positioning itself at the nexus of major industry transformations, such as the shift towards renewable energy and the ongoing global digitalization, Prysmian capitalizes on demand for high-quality, innovative cable solutions. Its extensive product portfolio includes submarine and underground cables for power transmission and distribution, fiber optics for telecommunication networks, and customized solutions for various industrial operations. The company’s intricate web of manufacturing facilities and commitment to research and development enables it to deliver tailor-made solutions while maintaining competitive advantages in cost management and production efficiency. Consequently, Prysmian not only drives its revenue through the sale of its comprehensive cable products but also through strategic partnerships and services that enhance infrastructure and connectivity worldwide.
Prysmian SpA stands as a global leader in the world of cable manufacturing, a company rooted in a multifaceted approach to technology and connectivity. Formed from the spun-off cable and systems operations of the Italian conglomerate Pirelli, Prysmian has meticulously woven itself into the intricate fabric of global infrastructure. The company’s operations extend across the development, production, and distribution of cables that serve critical industrial sectors, including telecommunications, energy, and transportation. Prysmian's strategic expansion, epitomized by its acquisition of General Cable in 2018, has augmented its market reach and technological prowess, solidifying its position as the largest cable provider worldwide.
Prysmian's business model is a testament to its agile adaptation to market needs and technological advancements. By positioning itself at the nexus of major industry transformations, such as the shift towards renewable energy and the ongoing global digitalization, Prysmian capitalizes on demand for high-quality, innovative cable solutions. Its extensive product portfolio includes submarine and underground cables for power transmission and distribution, fiber optics for telecommunication networks, and customized solutions for various industrial operations. The company’s intricate web of manufacturing facilities and commitment to research and development enables it to deliver tailor-made solutions while maintaining competitive advantages in cost management and production efficiency. Consequently, Prysmian not only drives its revenue through the sale of its comprehensive cable products but also through strategic partnerships and services that enhance infrastructure and connectivity worldwide.
Record Quarter: Prysmian delivered its best-ever Q3 EBITDA, exceeding last year’s by over EUR 100 million, despite adverse currency effects.
Transmission Strength: Transmission business saw 40% growth and achieved a near 18% EBITDA margin, already meeting or surpassing 2028 targets.
Guidance Raised: Full-year EBITDA guidance was increased by EUR 60 million to EUR 2.4 billion. Free cash flow guidance was also raised by up to EUR 50 million.
North America Momentum: Strong growth in North America, especially in Power Grid and Electrification, supported by new tariffs that favor local producers.
Digital Solutions Surge: Digital Solutions achieved a 20% EBITDA margin with significant growth, helped by the Channell acquisition and strong U.S. data center demand.
Specialty Weakness: Specialty division remains challenged due to weak automotive demand and pricing pressure, with plant disposals ongoing.
Sustainability Progress: CO2 emissions reduced by 39%, and revenues from sustainable solutions now make up 44–45%, moving toward a 2028 target of 55%.
