Prysmian
ConvictionContext
Manufactures and installs energy cables (HVDC/HVAC subsea + underground transmission, grid distribution, industrial/construction wire) and digital/fiber cables; mix of multi-year utility project backlog (Transmission) and shorter-cycle volume businesses; metal costs largely passed through via price-adjustment mechanisms
Revenue
EUR 19,650M FY2025~$21.3B at ~1.14 EUR/USD, 2026-07 rate), vs EUR 17,026M FY2024Rev growth
+15.4% reported FY25Encore Wire full-year + Channell consolidation from Jun-2025, plus volume); +5.4% organic FY25; +5.0% organic Q1'26Gross margin
Not comparable to typical industrials — metalcopper/aluminum) cost is passed through; company steers on adj EBITDA margin at standard metal prices: 14.2% FY25 (vs 12.9% FY24Op margin
Adj EBITDA margin 14.2% FY25 and 14.2% Q1'26IFRS net margin ~6.5% FY25 (net profit EUR 1,270M — flattered by a EUR 346M net-of-tax gain on the YOFC stake sale; ex-gain ~4.7%Capex intensity
~3.9% of revenuenet operative capex EUR 765M FY25); ~EUR 800M planned for 2026, weighted to HVDC transmission, Power Grid, and Digital Solutions capacityMarket cap
~$44.5BEUR ~38.9B on Euronext Milan, ticker PRY, at ~1.14 EUR/USD; 2026-07-09Members only
Full financial intelligence for Prysmian
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence