Company Reports

Prysmian is a global supplier of energy and telecommunications cables serving utilities, transmission operators, industrial customers, construction markets, and telecom operators across high-voltage transmission, power distribution, and fiber connectivity.

Prysmian delivered its strongest quarter on record, with second-quarter adjusted EBITDA of EUR 730 million, 9.4% organic growth, and 15.4% margin. Management raised 2026 EBITDA and free cash flow guidance.

Prysmian's first-quarter results were impressive. A modest EBITDA miss masked a second consecutive quarter of 20%-plus transmission margins and a developing hyperscaler opportunity in digital solutions that could structurally reshape the long-term earnings mix.

Prysmian is a global supplier of energy and telecommunications cables serving utilities, transmission operators, industrial customers, construction markets, and telecom operators across high-voltage transmission, power distribution, and fiber connectivity.

Prysmian is a global supplier of energy and telecommunications cables serving utilities, transmission operators, industrial customers, construction markets, and telecom operators across high-voltage transmission, power distribution, and fiber connectivity.

We initiate coverage of Prysmian, a global leader in energy and telecommunications cables with increasing exposure to high-voltage transmission and higher-value electrical and digital solutions.

A rough global economic climate took its toll on Prysmian's top line in the first half, but we still believe our fair value estimate is in the ballpark.

Prysmian is a leading player in the worldwide cable industry, but we believe its strong position is compromised by weak industry characteristics.