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Prysmian SpA (PRY.MI)

PRY.MI on Milan Stock Exchange

23.20EUR
22 Jun 2018
Change (% chg)

€0.24 (+1.05%)
Prev Close
€22.96
Open
€22.82
Day's High
€23.63
Day's Low
€22.82
Volume
1,629,612
Avg. Vol
1,128,684
52-wk High
€30.17
52-wk Low
€22.75

Latest Key Developments (Source: Significant Developments)

Italy's Prysmian sees 50 mln euros in extra costs from WesternLink issues
Friday, 22 Jun 2018 

June 22 (Reuters) - Italian cable maker Prysmian says::EXPECTS ADDITIONAL COSTS FOR 50 MILLION EUROS DUE TO NEW PROBLEMS WITH WESTERNLINK CABLE.REVISING GUIDANCE ON 2018 COMBINED ADJUSTED EBITDA TO 860-920 MILLION EUROS .COMPANY HAD GUIDED FOR 2018 COMBINED ADJUSTED EBITDA OF 910-970 MLN EUROS FOLLOWING THE ACQUISITION OF U.S. RIVAL GENERAL CABLE nL8N1TN0JF.  Full Article

Prysmian Sees FY 2018 Adj. EBITDA Including General Cable Of EUR 910-970 Mln
Wednesday, 20 Jun 2018 

June 21 (Reuters) - PRYSMIAN SPA : :SAID ON WEDNESDAY IT CONFIRMS FOR FY 2018 AN ADJUSTED EBITDA, GENERAL CABLE EXCLUDED, IN THE RANGE OF EUR 730-770 MLN.SEES FY 2018 ADJUSTED EBITDA, GENERAL CABLE INCLUDED, IN THE RANGE OF EUR 910-970 MLN.  Full Article

Italy's Prysmian Wins 150 Mln Euro Order In The Philippines
Friday, 22 Dec 2017 

Dec 22 (Reuters) - ITALY'S PRYSMIAN ::WINS ORDER OF OVER EUR 150 MILLION FROM NATIONAL GRID CORPORATION OF THE PHILIPPINES.ORDER IS FOR TWO SUBMARINE POWER CABLE CONNECTIONS BETWEEN ISLANDS OF CEBU AND NEGROS.  Full Article

Prysmian Wins 80 Mln Euro Order From Bahrain's Electricity & Water Authority
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - ITALY'S PRYSMIAN ::WINS 80 MILLION EURO ORDER FROM ELECTRICITY & WATER AUTHORITY OF BAHRAIN.  Full Article

Prysmian likely to issue bond to refinance term loan
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Prysmian Chief Financial Officer Pier Francesco Facchini says: :GROUP WILL LIKELY ISSUE BOND TO REFINANCE TERM LOAN.  Full Article

Prysmian CEO sees synergies NPV from General Cable deal of around 1.2 bln euros
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Prysmian executives say: :CEO VALERIO BATTISTA SAYS NET PRESENT VALUE OF SYNERGIES EXPECTED FROM GENERAL CABLE DEAL IS AROUND 1.2 BILLION EUROS.CEO SAYS THINKS GENERAL CABLE IS A BIT OVERSTAFFED.CFO PIER FRANCESCO FACCHINI SAYS RIGHTS ISSUE OF 500 MLN EUROS WILL ALLOW COMPANY TO COMPLETE DEALS ALREADY IN PIPELINE, SMALLER SIZE THAN GENERAL CABLE.CFO SAYS ESTIMATE ON EPS ACCRETION AFTER GENERAL CABLE DEAL ALREADY INCLUDES PLANNED RIGHTS ISSUE, BUT EXCLUDES EXPECTED SYNERGIES.  Full Article

Prysmian CEO says another M&A deal could be done in coming months
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Prysmian Chief Executive Valerio Battista says: :ANOTHER M&A DEAL COULD BE DONE IN COMING MONTHS.GENERAL CABLE ACQUISITION STRENGTHENS PRYSMIAN'S LEADERSHIP BUT SECTOR STILL HIGHLY FRAGMENTED.  Full Article

General Cable To Pay Fee If Merger Between Co & Prysmian Terminates
Monday, 4 Dec 2017 

Dec 4 (Reuters) - General Cable Corp ::GENERAL CABLE CORP SAYS IF MERGER AGREEMENT BETWEEN CO & PRYSMIAN TERMINATED, CO TO PAY A TERMINATION FEE IN THE AMOUNT OF $47 MILLION - SEC FILING.  Full Article

Prysmian says synergies from merger with General Cable likely higher than forecast
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Prysmian executives tell analysts in a conference call after agreement to buy U.S. rival General Cable::PRYSMIAN CEO SAYS MAY FIND ADDITIONAL SYNERGIES FROM WORKING CAPITAL.PRYSMIAN CFO SAYS SEES ADDITIONAL 35-40 MILLION EURO SYNERGIES COMING FROM FINANCIAL COSTS.PRYSMIAN CEO SAYS COMBINED GROUP WITH GENERAL CABLE WILL GENERATE 28 PERCENT OF SALES IN NORTH AMERICA, 54 PERCENT OF SALES IN EMEA.PRYSMIAN CEO SAYS COMBINED GROUP WITH GENERAL CABLE WILL GENERATE 36 PERCENT OF SALES FROM ELECTRIC UTILITY BUSINESS.PRYSMIAN CEO SAYS SUBSTANTIAL PART OF SYNERGIES WILL BE ACHIEVED IN THE FIRST THREE YEARS.PRYSMIAN CFO SAYS GROUP WILL CONVERT 300 MILLION EURO CONVERTIBLE BOND IN SPRING 2018.PRYSMIAN CFO SAYS REASON FOR POTENTIAL RIGHTS ISSUE OF UP TO 500 MILLION EUROS IS TO CREATE ROOM FOR ADDITIONAL M&A.PRYSMIAN CEO SAYS COMBINED GROUP WILL GENERATE 400 MILLION EURO FREE CASH FLOW PER YEAR.PRYSMIAN CFO SAYS IT IS MOST LIKELY THE GROUP WILL LAUNCH A 500 MILLION EURO RIGHTS ISSUE.  Full Article

Prysmian To Acquire General Cable For $30 Per Share In Cash
Monday, 4 Dec 2017 

Dec 4 (Reuters) - General Cable Corp ::PRYSMIAN TO ACQUIRE GENERAL CABLE FOR $30.00 PER SHARE IN CASH.TRANSACTION VALUES GENERAL CABLE AT APPROXIMATELY $3 BILLION, INCLUDING DEBT AND CERTAIN OTHER GENERAL CABLE LIABILITIES‍​.SAYS PRYSMIAN EXPECTS COMBINED GROUP TO GENERATE RUN-RATE PRE-TAX COST SYNERGIES OF APPROXIMATELY EUR 150 MILLION WITHIN FIVE YEARS.TRANSACTION IS EXPECTED TO GENERATE EPS ACCRETION IN RANGE OF 10-12% FOR PRYSMIAN SHAREHOLDERS ALREADY WITHIN FIRST YEAR AFTER CLOSING.  Full Article

Italy - Factors to watch on June 21

The following factors could affect Italian markets on Thursday.