General presentation of Prysmian
Having a good knowledge of the company that issues a share on the stock market before buying or trading it is essential for the implementation of the inherent analyses. For this reason, we offer you a complete presentation of Prysmian and its various sources of income:
The Prysmian Group is an Italian company that operates in the cable sector. More specifically, the company specialises in the design, production, sale and installation of cables and cabling systems.
In order to better understand the company's activities, they can be divided into different divisions according to the share of turnover they generate, as follows:
- Electrical cables and cabling systems account for 86.3% of the group's turnover with low, medium and high voltage distribution cables, special industrial equipment cables, submarine cables, signalling cables and battery cables.
- The next largest segment is telecom cables and cabling systems, which generate 13.7% of the group's sales, with copper and fibre optic cables, metal conductor communication cables, long distance network cabling components and systems.
Currently, the Prysmian Group has 104 production sites around the world. In 2021, the company employs more than 23,321 people at these various production sites, many of them in Italy.
It is also interesting to know the geographical distribution of the Prysmian group's revenues. Today, only 10.2% of its turnover is generated in Italy. The rest comes from Europe, Middle East and Africa (43.2%), North America (30.8%), Asia Pacific (8.1%) and Latin America (7.7%).
Photo credits: ©deadburnett/123RF.COM