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Prysmian SpA (PRY.MI)

PRY.MI on Milan Stock Exchange

27.07EUR
9:32am EST
Change (% chg)

€0.27 (+1.01%)
Prev Close
€26.80
Open
€26.87
Day's High
€27.10
Day's Low
€26.85
Volume
275,327
Avg. Vol
837,486
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€30.17
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€23.31

Latest Key Developments (Source: Significant Developments)

Prysmian Wins 80 Mln Euro Order From Bahrain's Electricity & Water Authority
Wednesday, 13 Dec 2017 04:26am EST 

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 07:11am EST 

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 06:31am EST 

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 06:03am EST 

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 08:24am EST 

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 03:39am EST 

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 01:11am EST 

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

Prysmian says 2017 EBITDA goal "challenging but feasible"
Tuesday, 7 Nov 2017 01:18pm EST 

Nov 7 (Reuters) - Prysmian top executives tell analysts at a post-results conference call: :CEO Valerio Battista says reaching adjusted EBITDA of around 730 million euros in full-year 2017 is "challenging but feasible".CFO Pier Francesco Facchini says net debt likely to come in at around 600 million euros at end of this year..  Full Article

Prysmian shares rise at open on Goldman Sachs's upgrade
Friday, 2 Jun 2017 03:06am EDT 

June 2 (Reuters) - Italian cable maker Prysmian::Shares rise in early market trade after Goldman Sachs upgrades the stock to "buy", adding it to its conviction list.Stocks up 2.95 pct at 0710 GMT.  Full Article

Prysmian expects organic revenues to be broadly flat this year
Wednesday, 10 May 2017 12:38pm EDT 

May 10 (Reuters) - Prysmian Chief Executive Valerio Battista said in a post-results analyst call: :he sees organic revenues broadly flat in 2017.there are several medium-sized M&A deals on the table, thinks something will be finalised by year-end.possible transformational deal on the table, but too early to say more.  Full Article

BRIEF-Prysmian Wins 80 Mln Euro Order From Bahrain's Electricity & Water Authority

* WINS 80 MILLION EURO ORDER FROM ELECTRICITY & WATER AUTHORITY OF BAHRAIN Source text for Eikon: Further company coverage: (Gdynia Newsroom)