Tear Sheet: Prysmian SpA - S&P Global Ratings’ Credit Research

Tear Sheet: Prysmian SpA

Tear Sheet: Prysmian SpA - S&P Global Ratings’ Credit Research
Tear Sheet: Prysmian SpA
Published Oct 10, 2023
6 pages (2476 words) — Published Oct 10, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Based on the company's 2023-2027 strategic plan, it expects to grow its EBITDA organically from €1.5 billion on a company-adjusted basis in 2022 to about €2.0 billion in 2027. This excludes the accretive effect from potential acquisitions. In addition, it expects to almost double its reported free cash flow to €900 million-€1 billion in 2027 from €559 million in 2022. The company?s plan to increase the contribution from turnkey projects is set to strengthen its S&P Global Ratings-adjusted EBITDA margin, which we now see increasing toward 10% by 2025 from 8%-9% previously. Prysmian?s current strategy is skewed toward accelerating capital expenditure, especially in 2023-2024, when we expect it to reach €575 million-€675 million per year on a reported basis, up

  
Brief Excerpt:

...Foreign currency issuer credit rating ###-/Stable/-- Local currency issuer credit rating ###-/Stable/-- Business risk Satisfactory Country risk Low Industry risk Intermediate Competitive position Satisfactory Financial risk Intermediate Cash flow/leverage Intermediate Anchor ###- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Satisfactory (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ###-...

  
Report Type:

Full Report

Issuer
Prysmian SpA
GICS
Electrical Components & Equipment (20104010)
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Prysmian SpA" Oct 10, 2023. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Prysmian-SpA-3068250>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Prysmian SpA Oct 10, 2023. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Prysmian-SpA-3068250>
  
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