Prysmian Group

-11.89%

Prysmian Group is a multinational corporation based in Milan, Italy, that specializes in the manufacturing of cables and systems for the energy and telecommunications industries. The company was founded in 2011 from the merger of Prysmian and Draka, two leading players in the cable industry.
Prysmian Group operates in over 50 countries and has more than 137 plants, research and development centers, and commercial offices worldwide. It is the largest manufacturer of power and telecommunication cables in the world, with a market presence in both developed and emerging countries.
The company’s product portfolio includes a wide range of cables and systems for various industries, including energy distribution and transmission, data and telecommunication, and construction. It also provides engineering, project management, installation, and after-sales services.
Prysmian Group is committed to sustainability and has implemented various initiatives to reduce its environmental impact, promote ethical and responsible behavior, and support local communities. In 2021, it was recognized as one of the world’s most sustainable corporations by Corporate Knights.
The company is listed on the Italian Stock Exchange and included in the FTSE MIB index. Its sales revenue in 2020 was 11.5 billion euros, and it employs over 29,000 people globally.
Prysmian Group’s mission is to connect the world through innovative cable solutions, enabling progress and development while maintaining the highest standards of safety, quality, and sustainability.

1. Global Leader: The Prysmian Group is the world’s largest manufacturer of cables and systems for energy and telecommunications, with a presence in over 50 countries.
2. Long History: The company has a long history dating back to 1872 when it was founded in Italy. Over the years, it has developed a strong reputation and a vast network of customers and partners.
3. Innovative Solutions: Prysmian Group has a strong focus on research and development, investing heavily in cutting-edge technologies to offer innovative and sustainable solutions to its customers.
4. Broad Product Portfolio: The company offers a wide range of products and services for different industries, including energy, telecommunications, underground utilities, and oil and gas.
5. Strong Sustainability Practices: Prysmian Group is committed to sustainable development and has implemented various initiatives to reduce its environmental impact and ensure the responsible use of resources.
6. High-Quality Standards: The company is known for its high-quality products and services, underpinned by rigorous testing and certification processes.
7. Customer-Centric Approach: Prysmian Group puts the needs of its customers first, working closely with them to understand their specific requirements and provide tailor-made solutions.
8. Committed to Safety: The safety of its employees, customers, and partners is a priority for Prysmian Group, and it has implemented strict guidelines and procedures to maintain a safe working environment.
9. Strong Corporate Social Responsibility: The company is dedicated to being a responsible and active corporate citizen, engaging in philanthropic activities and promoting diversity, inclusion, and ethical practices.
10. Talented and Diverse Workforce: Prysmian Group has a diverse and highly skilled workforce, promoting a culture of inclusivity and innovation. The company is also committed to developing its employees’ skills and talents to drive growth and sustainability.

Prysmian Group is a leading global company in the energy and telecom cable systems industries. Its business model is based on four main pillars:
1. Diversified Product Portfolio: Prysmian offers a wide range of products and services, including power and communication cables, accessories, and related equipment. This allows the company to serve a variety of industries, such as energy, telecommunications, construction, and transportation.
2. Global Presence: With operations in over 50 countries, Prysmian has established a strong global presence and can serve customers in different markets and regions. This also allows the company to mitigate risks and adapt to changing market conditions.
3. Technological Innovation: Prysmian invests heavily in research and development to continuously improve its products and services and offer innovative solutions to its customers. This allows the company to stay competitive and meet the evolving needs of its clients.
4. Sustainable Growth: Prysmian is committed to sustainable growth, both in terms of financial performance and environmental and social responsibility. The company has set ambitious targets for reducing its carbon footprint and promoting diversity and inclusivity within its workforce.

1. The Prysmian Group is a world leader in the energy and telecommunication cable industry, with a presence in over 50 countries and 112 manufacturing facilities.
2. The company was founded in 2011, through the merger of the Italian cable manufacturer Prysmian and the Dutch cable manufacturer Draka.
3. Prysmian Group has a long history dating back to 1871 when it was established as Società Italiana per l’Impiego delle Telecomunicazioni Submarine. This makes it one of the oldest cable manufacturers in the world.
4. The Group’s headquarters is located in Milan, Italy, but it has a global reach with sales and service offices all over the world.
5. The company employs over 30,000 people globally and has a turnover of over €11 billion.
6. Prysmian Group is the largest cable manufacturer in the world, with a market share of approximately 21%.
7. The company is divided into three main business units: Energy, Telecom, and Projects. The Energy unit focuses on the production of cables and systems for the transmission and distribution of electricity, while the Telecom unit produces cables for telecommunications networks. The Projects unit specializes in high-voltage and submarine power cable systems for complex energy projects.
8. The Prysmian Group has a strong commitment to sustainability and has implemented a variety of initiatives to reduce its environmental impact. These include the use of renewable energy sources, reducing carbon emissions, and implementing green transportation strategies.
9. The company is also a pioneer in the development of new technologies and products in the cable industry. It has dedicated research centers and laboratories around the world, where it conducts research and development to create innovative and sustainable solutions for its customers.
10. Prysmian Group has been involved in many high-profile projects, including providing cables for the construction of the Burj Khalifa in Dubai, the world’s tallest building, and the new Panama Canal expansion.
11. The company has received numerous awards and recognitions for its commitment to innovation and sustainability, including being named one of the “Global 100 Most Sustainable Corporations in the World” in 2019.
12. In 2018, the Prysmian Group acquired General Cable, a leading manufacturer of wire and cable products, expanding its presence in North America and Latin America.
13. The company is heavily involved in social responsibility initiatives and has a strong focus on supporting local communities through various programs and partnerships.
14. Prysmian Group is listed on the Italian Stock Exchange and is also a component of the FTSE MIB, the main index of the Borsa Italiana.
See Company Due Diligence: