The operation, the largest ever entered into by the Italian cable group, will allow it to develop its business in North America. Once fully operational, it will be able to generate approximately 140 million in synergies. Here's what analysts think
Asian stock markets under pressure except China, while European ones are seen starting higher. In Milan the spotlight is on Prysmian and Saipem
The project, managed by Eastern Green Link 2 Limited, will connect Scotland's renewable power with the clean energy of two million English homes
The party returns to the markets that are chasing historical records, touching up the highs of the beginning of the millennium, but the EU avoided recession "by a hair's breadth"
The cable company has finalized contracts for three orders with an aggregate value of approximately 5 billion euros
The cable group presents the industrial plan to 2027 to bring Ebitda to 2 billion with cash flows that can double up to 1 billion. The four areas will be dedicated to the growth of renewable energy generation, the increase…
The Indian stock market is at its highest and JP Morgan opens its funds to the purchase of corporate bonds. The rupee soars and the economy runs. European stock markets, however, are struggling to rebound, weakened by the long rise in rates
The energy transition supports the portfolio in the Projects division. According to analysts, the backlog would cover 5 years of turnover. The stock gained more than 5% in one month
Excellent performance of the European Stock Exchanges, a little less than the American ones - High tech in the spotlight
The three contracts will make it possible to transmit the energy generated in the North Sea to consumers in the western and southern regions of the country. Thanks to Prysmiam, Germany is accelerating its energy transition
The US debt agreement is not enough to relieve Piazza Affari. The closure of Wall Street and London reduces trading. The banks collapse
Terna has signed a contract for 1,7 billion with Prysmian and another for 664 million with Nexans. The two companies will build four connections of the Tyrrhenian Link
The contract concerns a project for the transmission of clean energy to over one million American families
After the strong sales recorded in the morning, Piazza Affari raises its head driven by the increases of Nexi and Prysmian, on the shields after the accounts for the quarter - Azimut tries to recover after doubling its profit, dividend of 1 euro for…
The Italian company will supply submarine optical cables that will be installed on the bed of the Amazon rivers, respecting the environment. By 2021, the fast connection will reach 59 municipalities in remote areas and 9,2 million families.
The stock is at the bottom of the Ftse Mib after the announcement of a new equity-linked bond loan and the possible simultaneous repurchase of the shares of the zero coupon company.
Tip, through Clubtre, has sold 10 million Prysmian shares, which collapses on the stock exchange, aligning itself with the sale price of Tamburi
The resources will be used to improve the sustainability of the organization and accelerate the development of cable technologies, assets and services
The Luxembourg judges rejected Pirelli's appeal on the cartel involving the former subsidiary Prysmian - The company: "No economic impact, the provisions have already been made".
Coronavirus scourges all European stock exchanges, which suffer losses of more than 3% - In Milan, the losses of Prysmian and Atlantia are very heavy - Only Poste Italiane increases fractionally - Spreads around 190 bps - Only the Shanghai Stock Exchange…
European stock markets resist the Asian shock thanks also to the rise in manufacturing indices - Saipem repays bonds early - Tim falls - Promotes Enel, Snam and Terna
Flat European price lists in the middle of the day while Atlantia pays for the intensification of rumors about Autostrade - Peugeot ready to climb FCA-Psa, news on Renault-Nissan - Pound falls
Saipem wins two contracts for the construction of offshore farms. Total value: 750 million - One of the two projects also involves Prysmian, which will collect 100 million
The news of the construction of the high voltage cable between Scotland, Wales and England earned the company that produces cables for the energy and telecommunications sector first place in the Stock Exchange, with a leap of 4,11%…
Uncertainty about duties is holding back the markets but in Piazza Affari it is above all a day of realizations after the recent rush - The accounts, however, send Ferragamo flying and Prysmian derailed - Spreads over 160.
The Florentine fashion house at the top of the Ftse Mib after the accounts for the 9 months closed with revenues rising to 994 million - Prysmian collapses: net result below expectations and forecasts for 2018 EBITDA disappointing for analysts
Eyes on the Atlantia Board and the probable resignation of CEO Castellucci - The oil rally fades away - The banks retrace their steps after last week's run
It will be called Leonardo da Vinci and will be operational in mid-2021: it will be of great help for the development of submarine projects.
Tip acquired a further 22,95% of Clubtre's capital for 21,2 million, reaching 66,43 - Adding Tip's and Clubtre's stakes in Prysmian, the company led by Giovanni Tamburi reaches 4,5% of the capital
The contract involves the development of a submarine cable system that will bring renewable energy to the mainland from an offshore wind farm
European lists are recovering - Mediaset and Pirelli do well in Milan, Intesa goes up - Oil rises, Eni and Saipem benefit - Allungo di Safilo.
The 2018 accounts were presented yesterday with the Stock Exchange closed, showing adjusted ebitda below expectations and revenues in line with expectations. On a morning in which Piazza Affari travels in positive territory, Prysmian is the stock that…
This is the MassLink, with FlexRibbon technology and the highest number of fibers in the industry (6.912 fibers)
The collapse of more than 9% of Prysmian and more than 11% of Juventus and the negative performance of many banks weigh on Piazza Affari, even if the relaunch of some Made in Italy pearls such as Amplifon, Tenaris, Atlantia…
EU manufacturing is still holding back, but services are improving - Eyes on Telecom waiting for the Board of Directors - Tenaris is bad after the accounts - Banks still down - Sale Moncler
After the headaches caused in 2018, the company announces new problems on the cable connection between Scotland and Wales - The stock achieves the worst performance of the Ftse Mib, dropping more than 9 percent
Karona Overblow System, a solution that allows new fiber optic cables to be installed into an existing duct network containing previously installed cables.
New problems on the cable link between Scotland and Wales weigh down the stock - Commissioning and testing have been temporarily halted due to the investigations that have been initiated in relation to a problem…
Eolien Maritime France has awarded Prysmian the design, supply, installation of inter-array cable connections for two wind farms for 200 million - 20 million from the third project in Saint Nazaire
Injection of confidence for European price lists from the reassuring words of the ECB president. The political storm over Brexit is good for the London Stock Exchange which is the best, also driven by the weak pound - In Piazza Affari you buy Prysmian,…
The stock suffers in Piazza Affari, positioning itself at the bottom of the Ftse Mib, after having disclosed the conditions of the capital increase - CEO Battista on the additional costs for WsternLink: "70 million will be enough"
Prysmian at the bottom of the Ftse Mib after the revision of the guidance arrived due to the problems with the Westernlink contract - The 2018 Ebitda estimates go up to 860-910 million from the previous 910-970 million.
Stock markets immediately change course after the announcement of the end of the ECB's Quantitative easing and Piazza Affari closes up for the fourth consecutive day - Draghi: "The euro is irreversible because people like it" - Ferrari, FCA and…
A world leading group in energy and telecommunications cables and systems is born, with headquarters in Milan and a turnover of over 11 billion euros
The company was awarded the supply of 220 KiloVolt cables as lead contractor. The turnkey project has a duration of three years but may be extended.
The operation must be carried out "by 31 July 2019 through the issue of ordinary shares" - The Board of Directors also asks the Shareholders' Meeting to initiate a buyback on 10% of the capital - 2017 closes with profits down by 7,9 %
It is a three-cable submarine loop circuit for the 400 kV oil-filled alternating current high voltage submarine interconnection between Saudi Arabia and Bahrain.
The group active in the cable systems and telecommunications sector will focus on innovation and the efficient and sustainable use of energy resources
Prysmian stock starts the day down sharply after the announcement of the merger - The price of the transaction is equal to 30 dollars per share, 81% more than the figure reached by the stock on the last trading day.
The event will be held in Amsterdam from 28 to 30 November (RAI Exhibition and Convention Centre, stand 1C50).
For the entire 2017 financial year - communicates the CEO Valerio Battista - "we confirm the profitability targets communicated to the market, despite the negative impact of the results of the subsidiary Oman Cable Industries and the unfavorable exchange rate trend".
The Italian group has announced the first pilot project at the optical cable plant in Calais, France, in partnership with the transalpine company Dassault Systèmes and other international companies - The goal is to create smarter systems, leveraging…
Transatlantic euphoria drives European price lists while Piazza Affari recovers from a difficult day, conditioned by Acs's counter tender offer on Abertis - Banco Bpm and Intesa Sanpaolo up among the banks - Prysmian also does well, tiring session for…
The conference "Goal 2025: Italian industry joins forces for the digital development of the country" is organized in Milan by Prysmian and IATT - Italian Association for Trenchless Technology: we will talk about the opportunities for the economy created by the new National Plan launched…
The total value of the contract is over 33 million euro, of which 28,5 million relating to the supply of cables for the Ultra-broadband Digital Plan.
For Mediobanca Securities analysts it is a "small contract for Prysmian", which is part of a "cyclical segment with low margins". The Prysmian stock maintains the outperform rating and the target price of 26,80 euros
The growth of the Chinese GDP does not wake up the European stock markets a few days before the ECB meeting, but pushes the quotations of mining stocks. Inflation slowdown confirmed in June in the Eurozone - Dollar recovering - Oil on the rise, Eni stopped,…
The agreement concerns "Youth for Global Goals", the initiative developed by AIESEC in collaboration with the United Nations with the aim of activating the leadership potential of young people so that they contribute to the achievement of the Sustainable Development Goals.
The new optical cable factory opens today in Slatina: it is the largest in Europe - Prysmian Group's telecom business recorded a turnover of 1,164 billion in 2016.
Prysmian aims to further expand into wind power
In Europe, a record for Frankfurt, but all the lists are on the rise if we look at the US data on employment. And everything seems to be going towards a grand finale of the week. Piazza Affari regains momentum with FCA returning above 10 euros. Telecom…
The group benefits from the maxi order for the France-UK interconnection.
FlexTube® cable, containing 1,728 optical fibres, has been successfully installed by Australian provider Superloop, to provide broadband connection between Siu Sai Wan areas in Hong Kong Island and the data center of the industrial complex…
Prysmian, a group active in the energy and telecommunications cables and systems sector, as of December 2016 is the owner of 4.651 patents granted and patent applications pending worldwide, which refer to 749 inventions. During…
The Italian cable company has won an important contract for the electricity interconnection between France and Great Britain through the Channel Tunnel
Prysmian will be responsible for the design, supply, installation and commissioning of two high voltage cable systems for each of the three farms, ensuring the submarine and land connections of Fecamp, Calvados and St…
Yesterday Italgas placed its first bond issue divided into two tranches, for 5 years and 10 years at a fixed rate, each for 750 million euro - The new bond issued by Telecom Italia instead amounts to…
Thanks to this acquisition, the Italian group becomes independent in High Voltage in China - The procedures for completing the acquisition, through Prysmian Technology Jiangsu, will be launched in the next few days.
The order concerns the installation of submarine cables for the Rentel wind farm, a consortium of operators who have come together to carry out the project off the coast of Belgium
The goal is to get a nucleus of employee shareholders representing 1,5% of the shareholding structure.
The company specialized in the sector of cable systems for energy and telecommunications has obtained orders for cables in the two eastern countries.
The first Jeep Renegade produced in China rolled off the production line at the Gac FCA plant in Guangzhou today - Meanwhile, Prysmian has sold its 67% stake in the joint venture with Baosheng Group to redefine its…
Double meeting of the two medium-sized companies listed on Piazza Affari: boom in profits for Recordati, Prysmian cuts a coupon of 0,42 euro per share.
Prysmian to supply new high voltage cable system for Oman Electricity Transmission Company - Maire Tecnimont has been awarded an 895 million contract for the construction of a polyethylene plant and a…
The group thus strengthens its presence in the Middle East - Prysmian shares lose 1% in Piazza Affari in mid-session
Prysmian announces the construction of a new cable production plant in Mexico - The investment will be around 10,5 million dollars for a maximum capacity of 2.000.000 km/fibre per year
Approximately 16 million contract formed with NCS International Inc. for the supply of medium voltage and fiber optic cables and by Eptcon Ltd. for high voltage cables - Niagara Wind Farm is the fifth wind farm…
Prysmian recorded, in the first 9 months of the year, a net profit up 2,6% to 139 million and revenues up 6,9%. Despite the positive data, the Prysmian share lost almost 4% in Piazza Affari, stopping at 19,4 euros.
Prysmian has signed a contract worth 140 million dollars for a submarine cable connection in China - Maire Tecnimont, on the other hand, has been awarded contracts for a total value of around 102 million.
The turnover ranges from +11% of Prysmian to +38/39% of Interpump and Moncler - The Tip group also closes the first three months of 2015 with a consolidated pre-tax profit of around 15,4 million euros, compared to about…
Yesterday evening a spokesman announced that "there are no negotiations in progress with General Cable" - Some press rumors had spoken of preliminary talks with the advisors for the possible purchase of the US competitor.
Adjusted EBIT stood at 365 million (-21,5%) - Adjusted net profit fell by 32% to 186 million - Good performance of submarine cables.
The umpteenth drop in crude oil weighs on the Italian Stock Exchange, now falling to its lowest level for almost six years - Among the worst on the Ftse Mib Prysmian, Tenaris, Eni and Saipem.
After yesterday's crash caused by the Greek situation, European stock markets are attempting to recover - The Treasury places all the 5,5 billion BOTs offered, rates on the rise - Oil returns to fall - Piazza Affari shines…
The Italian company will have to install a second high voltage submarine connection cable in the Dardanelles Strait.
Draghi: "The ECB is determined to protect the euro" - But the stock exchanges remain uneasy about the worsening economic situation: all the European stock lists are hurting - Thump of the cooperative banks in Piazza Affari which, after a long up and down, closes with a loss…
International tensions and the slowdown in economies remain the real compasses of nervous and volatile financial markets - Japanese GDP is also falling - Piazza Affari is positive this morning - Banks and insurance companies are holding up well but everyone…
The stake held in Buzzi is equal to 2,003% and the figure refers to last July 7, while the 8% stake in Prysmian capital dates back to the following day, July 2,183.
Consumer prices are collapsing in Italy and Piazza Affari slows down - Above all, the banks are weak, with the exception of Carige - Enel, on the other hand, shines thanks to a UBS report that raises its target price - Finmeccanica is on the rise among industrialists…
The sharp decline of the largest telephone group after the presentation of the quarterly and the new fall of Fiat which has not yet recovered after the collapse that followed the new business plan weighs down Piazza Affari, the worst price list…
The Italian group has acquired a new contract worth about 30 million euros for high voltage underground cables for the "North Shore cable upgrade" project from Ausgrid, a public utility in the state of New South Wales (Australia).
Exane, which brought the recommendation to neutral from the previous outperform - On Friday the stock had undergone the downgrade of JP Morgan from overweight to neutral, with the target price reduced from 20,5 to 18 euros - The decisions of the brokers…
Lists at a loss throughout Europe, after yesterday's leap forward - Milan is also bad, where especially the banks are losing, at the start of the quarterly season, inaugurated today by Bpm - Prysmian's landslide continues after the…
More than the quarterly accounts according to which revenues are down by 5,4% to 1,579 billion and adjusted profit by 69% to 12 million, weighing on the stock are the forecasts on the adjusted Ebitda for 2014, which the management…
The group has been awarded a new contract worth around 40 million euros by the Irish ESB for the "Shannon River Crossing" project, which will supply electricity between Kilpaddoge and Moneypoint, across the opposite banks of the River Shannon, along a…
The group, active in the energy and telecommunications cable systems sector, announces that it has won a new contract from the Dutch and German electricity grid operator TenneT, for the connection of offshore wind farms, located in the…
The European Commission's decision confirmed the non-involvement of Pirelli and CSpA in the alleged cartel of the energy transport cables business - The only link with the affair appears to be the so-called "parental liability" in…
Ghizzoni's bank chooses the write-off route which weighs 14 billion in losses on the 2013 balance sheet and involves 8.500 redundancies but warms the market's heart with a 6,2% leap in the stock market which drags…
The government passes the first auction of government bonds with interest rates at their lowest but Piazza Affari, in line with Europe, remains weak even if it recovers in the final closing in substantial parity - Heavy Prysmian, also down CNH, Tenaris,…
The group closes the year with numbers down compared to 2012 - Targets achieved despite the difficult market and the negative impact of exchange rates - Shares down on Piazza Affari
