PRY

Prysmian Group is the global leader in power cables and systems, primarily listed on Euronext Milan and spanning submarine/underground high-voltage transmission, power grids, electrification including industrial and construction, specialty cables, and digital solutions for data centers and fiber. FY2025 revenue reached €19.65B (+15.4% nominal / +5.4% organic), net profit attributable to shareholders was €1.27B (+74%, including roughly €346M of one-off gains from the YOFC stake sale), Adj EBITDA was €2.40B at a 14.2% margin on standard metal prices, Transmission delivered a full-year 18.3% margin ahead of its 2028 target with backlog above €17B, and the 2024 USD 4.2B Encore Wire acquisition strengthened North America. Research rating Watch: a high-quality leader with powerful long-term drivers, but current valuation already prices in much of the good news.