Company Research Report: Prysmian Group

Company Overview

Name:

Prysmian Group

Mission of the Company:

Prysmian Group's mission is to provide customers with superior cable solutions based on state-of-the-art technology and consistent excellence in execution, ultimately delivering sustainable growth and profit.

Founded:

No information is available.

Founders:

No information is available.

Key People:

Francesco Gori - Chairman

Massimo Battaini - CEO and General Manager

Valerio Battista - Vice Chairman

Paolo Amato - Independent

Jaska de Bakker - Independent

Pier Francesco Facchini - CFO

Richard K. Palmer - Independent

Ines Kolmsee - Independent

Emma Marcegaglia - Lead Independent Director

Susannah H. Stewart - Independent

Tarak Mehta - Independent

Annalisa Stupenengo - Independent

Headquarters:

No information is available.

Number of Employees:

Approximately 30,000 employees as of December 31, 2023.

Revenue:

Sales of over 15 billion euros.

Company Reputation:

Prysmian is known for world-leading cable solutions, offering a wide range of products, services, technologies, and know-how in the cable industry. They provide cables for power transmission and telecommunications, including submarine, underground, and medium/low voltage cables.

Products

Product Offerings:

Transmission Cables

Digital Solutions

Electrification Cables

Power Grid Cables

Description and Key Features:

1. Transmission Cables: High Voltage Underground and Submarine cable links designed for challenging environments worldwide.
2. Digital Solutions: Comprehensive products and services for voice, video, and data transmission in the telecommunications sector.
3. Electrification Cables: Medium and low voltage cables for construction and infrastructure.
4. Power Grid: Aerial and underground medium-voltage cable systems and network components for industrial and residential connections.

Recent Developments

Recent Company Developments:

Strategic Initiatives: Prysmian has established an EMTN program to refinance existing debt as of November 2024.

Leadership Changes: Massimo Battaini appointed as CEO and General Manager.

Operational Improvements: Continued investment in R&D to support innovation in the energy transition process.

New Products and Features:

P-Laser 525 kV HVDC Cable: An innovation part of their sustainability strategy.

FlexRibbonTM Cable: An ultra-compact design containing bend-insensitive fibers.

Partnerships and Agreements:

Floating Offshore Wind Collaboration Agreement: Partnership with TechnipFMC announced.

Strategic Agreement with RTE: Strengthening position in the power grid market in France.

Recent Financial Moves:

Share Buy-Back Program: Updated execution and compliance with market disclosure requirements.

Strong Financial Performance: Reports excellent margins and cash generation for 2024.

Other Developments:

Integration of Prysmian and General Cable, enhancing their market stronghold.

Prysmian's commitment to the Paris Agreement, setting science-based targets for net-zero emissions by 2035.

This detailed report encapsulates Prysmian Group's current market standing, key product offerings, leadership, and strategic directions, affirming its global leadership in the cable solutions industry and its commitment to sustainable energy transitions and innovation.