Prysmian : Encore Wire: accretive impact of 15% for EBITDA 2024 and +27% for 2025 – new target price of € 58 (vs € 45)
>Integration of Encore Wire from 1 July - Prysmian’s management recently confirmed the acquisition of Encore Wire in the US and will consolidate it from 1 July 2024. This is a transformative acquisition that will strengthen Prysmian’s clout, with the group already largely present since the acquisition of General Cable. Encore Wire is active exclusively in the US with 1 production site in Texas. The group produces copper and aluminium cables for a range of sectors incl...Prysmian and its subsidiaries produce, distribute and sell cables and systems and related accessories for the energy and telecommunications industries. Co. operates in two segments. The energy segment includes utilities, which organized in four lines of business, comprising high voltage, power distribution, accessories and submarine; trade and installers; industrial; and other, such as sales of residual products. The telecom segment produces cable systems and connectivity products used in telecommunication networks. This segment is organized in the following lines of business: optical fibre, optical cables, connectivity components and accessories, Optical Ground Wire and copper cables.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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