First of all, the electricity and the telecommunications market in Italy along with the rest of Europe are to be monitored very closely as Prysmian's activities depend largely on their financial health and demand level.
The development of fibre optics is also an interesting element to analyse because it represents an additional profit opportunity for Prysmian.
Closely monitoring the group's news on establishing strategic partnerships and alliances allowing it to develop its profitability is also important.
Finally, paying attention to the operations carried out by Prysmian aimed at expanding its activities from a geographic point of view, notably by reaching new countries close to Italy or in the rest of Europe.
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:
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%).
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If it is important to know the Prysmian company and its activities well, you must also know its main competitors in this sector in order to analyse its sectoral environment. Here is a presentation of the main opponents that the group is currently facing:
This company specialises in the cable transmission line industry and is based in Paris. It is present in various sectors of activity including building and territories, high voltage, telecommunications and data, industry and solutions.
This Japanese company specialises in the production of cables, optical fibre, automotive equipment, electronics and electrical appliances. It is listed on the Japanese Topix 100 index and is part of the Sumimoto Group.
This US company is based in Kentucky and specialises in the production of wire and cable, including electrical cable, aluminium cable, fibre optic cable and others. The group is also listed on the NYSE.
This other company is a South Korean company that specialises in the manufacture of electrical and telecommunications cables as well as systems, integrated modules and other industrial materials. In particular, the group provides engineering, installation and commissioning services for high-voltage and extra-high-voltage lines and turnkey submarine cabling projects. The group is currently the largest cable manufacturer in South Korea and one of the largest in the world.
Finally, the Leoni Group is a German company listed on the MDAX index that is the country's leading manufacturer of cables and cable harnesses.The company employs over 49,822 people and is particularly well positioned in Europe.
Prysmian also regularly sets up strategic partnerships with other companies, as we suggest you discover with these few examples:
The group has collaborated with Dassault Systèmes in the implementation of the Fast Track project aimed at creating intelligent factories and which allows it to rely on the applications of this French company in the digital management of production activities.
In 2021, the group has also set up a partnership with Soufflet Vigne to whom it has entrusted the exclusive distribution of its antifreeze solution for vineyards. This is an innovative process using a heating cable to protect vines from sub-zero temperatures.
The joint venture between France's EDF and Canada's Enbridge recently signed a strategic partnership with Prysmian for the development and turnkey supply of cable connections for the two offshore wind farms in Fécamp and Courseulles sur Mer owned by EMF and WPD offshore and located off the north coast of France. These contracts are worth over €200 million and will enable the development of these two large-scale wind farms.
Against these numerous arguments in favour of a rise in the Prysmian share price we do of course find a number of negative factors concerning the growth possibilities of this asset that could lead to a reversal in the rising trend.
It was in 2005 that the Prysmian Company as we know it today was created. It was following the intervention of the Goldman Sachs group which bought the activities of Pirelli Cavi SpA, a subsidiary of the Pirelli group that year that this entity is born. It's important to know that more than 80% of the capital of the Prysmian Company is held by a large international public and that only 20% of this capital belongs to institutional investor shareholders.
Part of the capital of the Prysmian Company belongs to private institutional investors. We know that BlackRock holds 5.725% of the shares, Fil Limited holds 3.323%, UBS 2.467%, Standard Life 2.157%, JP Morgan Chase & Co 2.170%, Jabre Capital Partners 2.097%, Lazard 2.078%, Schroder Investment Management Ltd owns 2.027% and the rest of the capital is distributed to the public.
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