reports
Prysmian S.p.A.: 1 director
A director at Prysmian S.p.A. bought 4,000 shares at 60.092EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
- Mateo Salcedo
Prysmian : We are initiating coverage with Buy (4Y bond) and Neutral (...
Prysmian announced the pricing of its € 1.5bn dual bond offering split between a € 850m bond due 2028 and a € 650m bond due 2031. The 2028 bond priced at MS+143bps (yield of 3.67%), compared to IPTs of MS+175bps area and guidance of MS+150bps area. The bond due 2031 priced at MS+168bps (yield of 3.96%), which is also tighter than both IPTs (MS+205bps area) and guidance (MS+175bps area). Based on this, we are initiating coverage with a Buy recommendation on the EUR bond due 2028 w...
- Mateo Salcedo
Prysmian : We are initiating coverage with Buy (4Y bond) and Neutral (...
Prysmian announced the pricing of its € 1.5bn dual bond offering split between a € 850m bond due 2028 and a € 605m bond due 2031. The 2028 bond priced at MS+143bps (yield of 3.67%), compared to IPTs of MS+175bps area and guidance of MS+150bps area. The bond due 2031 priced at MS+168bps (yield of 3.96%), which is also tighter than both IPTs (MS+205bps area) and guidance (MS+175bps area). Based on this, we are initiating coverage with a Buy recommendation on the EUR bond due 2028 w...
- Mateo Salcedo
Prysmian : Issuance Focus
Prysmian is back into the EUR bond market after being absence for some years only holding convertible bonds. The company is marketing a dual tranche EUR benchmark bond offering, split between a 4-year and a 7-year bond, through its recently approved € 3bn EMTN programme. Proceeds from the transaction will be used to refinance the bridge acquisition facilities entered earlier this year to carry out the acquisition of Encore Wire. The transaction should allow it to push back debt m...
- Mateo Salcedo
Prysmian : Focus Emission
Prysmian is back into the EUR bond market after being absence for some years only holding convertible bonds. The company is marketing a dual tranche EUR benchmark bond offering, split between a 4-year and a 7-year bond, through its recently approved € 3bn EMTN programme. Proceeds from the transaction will be used to refinance the bridge acquisition facilities entered earlier this year to carry out the acquisition of Encore Wire. The transaction should allow it to push back debt m...
- Carole Braudeau
- Carole Braudeau
- Bruno Cavalier
- Emira Sagaama
- Louis Boujard
- CFA
- Philippe Ourpatian
DHL DHL GROUP
AXA AXA
AKRBP AKER BP ASA
LUFTHANSA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
UBI UBISOFT ENTERTAINMENT SA
JMT JERONIMO MARTINS SGPS S.A.
SU SCHNEIDER ELECTRIC SE
AMUN AMUNDI SA
ELE ENDESA S.A.
GEBN GEBERIT AG
ORSTED ORSTED
NXT NEXT PLC
AIR AIRBUS SE
VOW3 VOLKSWAGEN AG PREF
CAP CAPGEMINI SE
AMP AMPLIFON S.P.A.
01913 PRADA S.P.A.
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
ARCAD ARCADIS NV
KGX KION GROUP AG
MAP MAPFRE SA
SKF B SKF AB CLASS B
PRY PRYSMIAN S.P.A.
WLN WORLDLINE SA
INGA ING GROEP NV
ABI ANHEUSER-BUSCH INBEV SA/NV
SIE SIEMENS AG
ARGX ARGEN-X SE
STM STMICROELECTRONICS NV
KBX KNORR-BREMSE AG
STLA STELLANTIS N.V.
SHEL SHELL PLC
DSFIR KONINKLIJKE DSM N.V.
- Bruno Cavalier
- Emira Sagaama
- Louis Boujard
- CFA
- Philippe Ourpatian
DHL DHL GROUP
AXA AXA
AKRBP AKER BP ASA
LUFTHANSA DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT
FP TOTAL SE
UBI UBISOFT ENTERTAINMENT SA
JMT JERONIMO MARTINS SGPS S.A.
SU SCHNEIDER ELECTRIC SE
AMUN AMUNDI SA
ELE ENDESA S.A.
GEBN GEBERIT AG
ORSTED ORSTED
NXT NEXT PLC
AIR AIRBUS SE
VOW3 VOLKSWAGEN AG PREF
CAP CAPGEMINI SE
AMP AMPLIFON S.P.A.
01913 PRADA S.P.A.
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
ARCAD ARCADIS NV
FDR FLUIDRA S.A.
KGX KION GROUP AG
MAP MAPFRE SA
SKF B SKF AB CLASS B
PRY PRYSMIAN S.P.A.
WLN WORLDLINE SA
INGA ING GROEP NV
ABI ANHEUSER-BUSCH INBEV SA/NV
SIE SIEMENS AG
ARGX ARGEN-X SE
STM STMICROELECTRONICS NV
KBX KNORR-BREMSE AG
STLA STELLANTIS N.V.
SHEL SHELL PLC
DSFIR KONINKLIJKE DSM N.V.
- Jean-François Granjon
Prysmian : 9M 2024 in line – FY targets confirmed
>9M results in line with our expectations and consensus - Sales came in at € 12,365m (€ 12,341m estimated, € 12,317.7m for consensus) vs € 11,825m, up 4.5% and -1.4% in organic terms, which compares with -3% for the first half (including -5.6% in Q1). For Q3, the group posted organic growth of 1.8% (vs +2.5% for Nexans excluding other activities). This quarter was largely impacted by the consolidation of Encore Wire on 1 July. Adjusted EBITDA came in at € 1,409.0m (€ ...
- Jean-François Granjon
Prysmian : 9M 2024 en ligne – Objectifs annuels confirmés
>Publication des résultats 9 mois en ligne avec nos attentes et le css - Le CA ressort à 12 365 M€ (12 341 M€ estimé, 12 317.7 M€ pour le css) vs 11 825 M€ en hausse de 4.5% et -1.4% en organique qui se compare à -3% pour le semestre (dont -5.6% au T1). Au titre du T3, le groupe affiche une hausse organique de 1.8% (vs +2.5% pour Nexans hors activité autres). Ce trimestre est largement impacté par la consolidation de Encore Wire depuis le 1er juillet. L’EBITDA ajusté ...
- Olfa Taamallah
- Yan Derocles
DHL DHL GROUP
AKE ARKEMA
LRC LEGRAND
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
VIE VEOLIA ENVIRONNEMENT SA
RR. ROLLS-ROYCE HOLDINGS PLC
MT ARCELORMITTAL SA
DGE DIAGEO PLC
SU SCHNEIDER ELECTRIC SE
COV COVIVIO SA
MTX MTU AERO ENGINES AG
QIA QIAGEN NV
LSEG LONDON STOCK EXCHANGE GROUP PLC
ALV ALLIANZ SE
MRK MERCK KGAA
VNA VONOVIA SE
SAF SAFRAN S.A.
VOW3 VOLKSWAGEN AG PREF
SY1 SYMRISE AG
NEM NEMETSCHEK SE
FDR FLUIDRA S.A.
AMS AMADEUS IT GROUP SA CLASS A
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
CABK CAIXABANK SA
WLN WORLDLINE SA
CLNX CELLNEX TELECOM S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
RIO RIO TINTO PLC
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
NEXI NEXI S.P.A.
JDEP JDE PEET'S NV
AZE AZELIS GROUP NV
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
TEN TENARIS S.A.
SYENS SYENSQO
UN0 UNIPER SE
- Olfa Taamallah
- Yan Derocles
DHL DHL GROUP
AKE ARKEMA
LRC LEGRAND
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
VIE VEOLIA ENVIRONNEMENT SA
RR. ROLLS-ROYCE HOLDINGS PLC
MT ARCELORMITTAL SA
DGE DIAGEO PLC
SU SCHNEIDER ELECTRIC SE
COV COVIVIO SA
MTX MTU AERO ENGINES AG
QIA QIAGEN NV
LSEG LONDON STOCK EXCHANGE GROUP PLC
ALV ALLIANZ SE
MRK MERCK KGAA
VNA VONOVIA SE
SAF SAFRAN S.A.
VOW3 VOLKSWAGEN AG PREF
SY1 SYMRISE AG
NEM NEMETSCHEK SE
FDR FLUIDRA S.A.
AMS AMADEUS IT GROUP SA CLASS A
TIT TELECOM ITALIA S.P.A.
PRY PRYSMIAN S.P.A.
CABK CAIXABANK SA
WLN WORLDLINE SA
CLNX CELLNEX TELECOM S.A.
ABI ANHEUSER-BUSCH INBEV SA/NV
RIO RIO TINTO PLC
BBVA BANCO BILBAO VIZCAYA ARGENTARIA S.A.
NEXI NEXI S.P.A.
JDEP JDE PEET'S NV
AZE AZELIS GROUP NV
SHEL SHELL PLC
ARM ARM HOLDINGS PLC
TEN TENARIS S.A.
SYENS SYENSQO
UN0 UNIPER SE
- Jean-François Granjon
Prysmian : Earnings fully in line - Guidance lifted
>Improvement on a sequential basis - The interim results were in line with our forecasts and those of the consensus. Sales came in at € 7,819.0m (€ 7,724.3m estimated, € 7,703.5m for the consensus) vs € 8,003.0m, down 2.3% and -3.0% on an organic basis (compared with -5.6% for Q1). Adjusted EBITDA stands at € 869.0m (€ 855m est., € 848.5m for the consensus) vs € 878bn, down 1.0% (-3.5% in Q1 and +1.5% in Q2). The adjusted EBITDA margin thus came to 11.1% (11.1% est...
- Jean-François Granjon
Prysmian : Des résultats totalement en ligne – Guidances revues en hau...
>Amélioration séquentielle - Résultats semestriels en ligne avec nos attentes et celles du consensus. Le CA S1 ressort à 7 819 M€ (7 724.3 M€ estimé, 7 703.5 M€ pour css) vs 8 003 M€ en repli de 2.3% et de 3.0% en organique (à comparer à -5.6% au T1). L’EBITDA ajusté ressort à 869 M€ (855 M€ estimé, 848.5 M€ pour le css) vs 878 M€ en repli de 1.0% (-3.5% au T1, +1.5% au T2). La marge d’EBITDA ajusté ressort ainsi à 11.1% (11.1% estimée, 11% pour le css) vs 11% en légè...
- Ahmed Ben Salem
- Ahmed Ben Salem
- Jean-François Granjon
Prysmian : Encore Wire: accretive impact of 15% for EBITDA 2024 and +2...
>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...
- Jean-François Granjon
Prysmian : Encore Wire : Impact relutif de 15% sur l’EBITDA 2024 et +2...
>Intégration de Encore Wire à compter du 1er juillet - Le management de Prysmian a récemment confirmé l’acquisition de Encore Wire aux US et procèdera à la consolidation à compter du 1er juillet 2024. Il s’agit d’une acquisition structurante qui renforce la force de frappe de Prysmian déjà largement présent depuis l’acquisition de General Cable. Encore Wire est exclusivement présent aux US avec 1 site de production au Texas. Le groupe produit des câbles en cuivre et a...
- Farid Bitari
- Ghada Ben Sedrine
- Nicolas David
- Stephane Houri
ODDO : Generative AI: a genuine revolution, pending the next revolutio...
Our conviction on the long-term growth potential and opportunities of generative AI is renewed. The enabler sectors (semiconductors, software and IT services) and those that provide the infrastructure (utilities, metals, capital goods and real estate) will be the primary beneficiaries, leading us to make certain target price changes. Among AI ‘user’ sectors (media, healthcare, automotive, banking and insurance, oil services, defence, aerospace and airlines), the effects will doub...
LRC LEGRAND
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
REL RELX PLC
PUB PUBLICIS GROUPE SA
VIE VEOLIA ENVIRONNEMENT SA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
AAL ANGLO AMERICAN PLC
SU SCHNEIDER ELECTRIC SE
SOP SOPRA STERIA GROUP SA
BNP BNP PARIBAS SA CLASS A
RNO RENAULT SA
ACN ACCENTURE PLC CLASS A
NOVN NOVARTIS AG
FORTUM FORTUM OYJ
DAI DAIMLER AG
ERIC B TELEFONAKTIEBOLAGET LM ERICSSON CLASS B
INF INFOTEL SA
GLE SOCIETE GENERALE S.A. CLASS A
NOKIA NOKIA OYJ
TEP TELEPERFORMANCE SE
WKL WOLTERS KLUWER NV
AUB AUBAY SA
MRK MERCK KGAA
ALTA ALTAREA SCA
ATE ALTEN SA
RWE RWE AG
SAN SANOFI
NEX NEXANS SA
VOW3 VOLKSWAGEN AG PREF
CAP CAPGEMINI SE
ENEL ENEL SPA
DTE DEUTSCHE TELEKOM AG
WPP WPP PLC
ICAD ICADE SA
SOI SOITEC SA
ASM ASM INTERNATIONAL N.V.
TIETO TIETOEVRY OYJ
NDA AURUBIS AG
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
INW INFRASTRUTTURE WIRELESS ITALIANE S.P.A.
PRY PRYSMIAN S.P.A.
IBE IBERDROLA SA
OREGE OREGE SA
SMHN SUESS MICROTEC AG
MERLIN MERLIN PROPERTIES SOCIMI S.A.
CLNX CELLNEX TELECOM S.A.
VACN VAT GROUP AG
SLR SOLARIA ENERGIA Y MEDIO AMBIENTE S.A.
IDR INDRA SISTEMAS S.A. CLASS A
RIO RIO TINTO PLC
SAP SAP SE
AZN ASTRAZENECA PLC
SIE SIEMENS AG
BHP BHP GROUP LTD
ASML ASML HOLDING NV
REY REPLY S.P.A.
STM STMICROELECTRONICS NV
SHL SIEMENS HEALTHINEERS AG
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WAVE WAVESTONE SA
GRE GRENERGY RENOVABLES
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