Prysmian

IT0004176001

PRY

PRY

$PRY (+3,53 %)

● ADJ EBITDA at € 412 million, with improved margins of 11.2% (10.7% in Q1 2023)

● MARGIN IMPROVEMENT IN OVERDELIVERY BY 13.0%; order backlog of OVER € 18 billion

● ADJ. EBITDA in the electricity grid rises to € 115 million (+57%), margin improves to 13.5

● GROUP NET PROFIT INCREASES TO € 185 million (€ 182 million IN 1Q23)

● SOLID CASH GENERATION WITH FREE CASH FLOW LTM OF € 827 million 1

● Significant progress in climate ambitions: -35% greenhouse gas emissions according to LTM Scope 1 and 2

● THE ACQUISITION OF ENCORE WIRE WILL GROW PRYSMIAN'S NORTH AMERICAN BUSINESS

Let's see, it's interesting

Hello all,

Today I came across a very interesting Italian stock rather by chance.

According to Prysmian, this is the world market leader in cables and line systems for energy and telecommunications.

Especially for the energy sector I see a lot of growth potential in the next year. This can already be seen in the last quarter. Here, sales have already increased by 30% compared to the same quarter of the previous year.

At the same time, the pipeline for major projects in the area of land and subsea connections is full to bursting (€24 billion), 3/4 of which are to be completed by 2026. The world market leader will certainly get a good piece of the pie here. As these major contracts still have to be awarded, I believe that the share price will rise substantially again next year.

What is your opinion?