Prysmian S.p.A. (PRY) — Stock analysis
EURCurrent price
131,30 €
-3,05 € (-2.27%) today
Market signals
About Prysmian S.p.A.
Prysmian is the world's largest manufacturer of energy and telecommunications cables. It operates in three segments: Energy Transmission (high-voltage cables for submarine and terrestrial electrical interconnections), Power Distribution and Industrial & Construction. Spun off from Pirelli's cables division in 2005, it acquired Draka (2011), General Cable (2018) and Encore Wire (2024). Headquartered in Milan.
What does Prysmian do?▾
Prysmian makes cables for energy (high-voltage, distribution, industrial) and telecommunications (optical fibre, data centre cables). It is the global leader in high-voltage underground and submarine cables, strategic for European electrical interconnections and offshore wind.
Which exchange is Prysmian listed on?▾
Prysmian is listed on Borsa Italiana with ticker PRY. It is a member of the FTSE MIB index.
Does Prysmian pay dividends?▾
Yes. It pays a progressively growing annual dividend. Yield is typically 1.5–2.5%.
Why is Prysmian's order backlog important?▾
For the high-voltage cable business, projects are large and span several years, so the size and quality of the order backlog gives a forward view of revenue that a single quarter cannot. It is one reason the company is often discussed in the context of the energy transition. Lucex reports figures like this as information about the position you hold — it does not tell you to buy or sell.
Does Prysmian benefit from the energy transition?▾
Prysmian is frequently linked to electrification and offshore wind because grids and wind farms require large volumes of specialised cable. Whether that translates into a good investment for you is a judgement Lucex does not make — it explains the business context so you can weigh it yourself.
Index membership and scale
Prysmian trades on Borsa Italiana as PRY and is a component of the FTSE MIB. It grew into the world's largest cable maker largely through acquisitions — Draka, General Cable and Encore Wire — which is why its scale and geographic reach are central to how it is discussed. Unlike the family-controlled Italian names, Prysmian has a widely held free float rather than a single controlling shareholder.
What drives Prysmian's business
Prysmian's demand is tied to long-cycle structural trends: electrification, grid upgrades, offshore wind, and data-centre and telecom infrastructure. Its high-voltage submarine and underground cable business runs on a large multi-year order backlog, one of the most-watched indicators for the company alongside margins and the integration of acquisitions. These are the levers behind its results — offered as context, not as a signal to act.
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