Prysmian Daily News Update Podcast Por Prysmian S.p.A. arte de portada

Prysmian Daily News Update

Prysmian Daily News Update

De: Prysmian S.p.A.
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“Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.Prysmian S.p.A. Política y Gobierno
Episodios
  • Prysmian cuts YOFC stake, eyes strong Q2 growth - Jul 24, 2025

    Prysmian cuts YOFC stake, eyes strong Q2 growth - Jul 24, 2025
    Jul 24 2025
    As of July 24, today’s news features Prysmian's stake sale in YOFC, alongside developments in the energy and commodities markets. Prysmian has announced the sale of approximately 5% of its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) for 19.50 Hong Kong dollars per share via its subsidiary Draka Comteq BV, generating around about 79 million euros. This transaction reduces Prysmian's ownership in YOFC to approximately 10% and includes a 60-day lock-up period for the remaining shares post-placement. Furthermore, analysts' estimates ahead of Prysmian's upcoming quarterly results indicate a projected group revenue of 4.81 billion euros for Q2 2025, up from 4.13 billion euros in Q2 2024, with adjusted EBITDA expected to rise to 581 million euros from 457 million euros year-on-year. Turning to market updates, Tesla’s shares fell nearly 6% following disappointing quarterly sales figures and a lack of favorable guidance from CEO Elon Musk regarding future profits. The electric vehicle manufacturer is facing challenges tied to regulatory changes and market conditions affecting sales. Furthermore, Rio Tinto is considering a possible sale of its titanium unit due to weak prices and low returns, three sources said, just as incoming CEO Simon Trott will weigh up a restructuring of the world's second-largest miner when he takes over next month. Meanwhile, U.S. copper futures reached a record high as anticipation builds around impending import tariffs on the metal, possibly influencing global supply chains and pricing strategies. From a wider economic perspective, the energy market shows signs of turbulence as the U.S. government moves to tighten incentives for renewable energy. This shift has raised concerns about a slowdown in clean energy investments, potentially impacting the future of solar and wind projects within the U.S. and EU. In Europe, the solar energy rollout is projected to decline for the first time in a decade, reflecting adjusted governmental subsidies and market dynamics. On the global stage, tensions between China and the EU were front and center during a summit where President Xi Jinping urged more cooperative trade practices amidst ongoing disputes regarding tariffs and market imbalances. In the same vein, the EU also advanced its counter-tariff plans against the U.S., preparing for potential trade escalations as negotiations unfold.
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    3 m
  • Fiber, energy, housing: Prysmian’s growth formula - Jul 23, 2025

    Fiber, energy, housing: Prysmian’s growth formula - Jul 23, 2025
    Jul 23 2025
    As of July 23, today’s news is dominated by developments in Prysmian’s strategic partnerships, anticipation for increased demand in the construction sector, and ongoing shifts in the energy landscape. Prysmian has made an important stride by investing in Relativity Networks, a provider of innovative hollow-core optical fiber technology, as part of a strategic partnership aimed at scaling production. This technology promises to enhance data transmission capabilities, extending the operational range of fiber connections significantly. The announcement highlights Prysmian's commitment to pioneering advancements in telecommunications, potentially positioning it as a leader in high-performance fiber solutions essential for next-generation applications like AI and quantum networking. In related developments, Banca Akros has reiterated its Buy rating on Prysmian, with a target price of 65 euros. Mediobanca Research, meanwhile, maintained a Neutral stance on the stock. Shares of Prysmian rose 2.1% to 64.26 euros following these news. In Italy, Antonio Gozzi, president of Federacciai and Confindustria advisor, urged immediate action on the 600 MW power cable between Sicily and Tunisia, a key project under Italy’s Mattei Plan. Speaking in the Senate, he called on Terna and the government to move forward, warning that rising costs could delay the project by years. Gozzi stressed the need to secure the cable from Prysmian, which is facing high global demand. Further, major U.S. homebuilders such as DR Horton and PulteGroup are instituting increased sales incentives to stimulate market demand, which could positively affect suppliers like Prysmian and Nexans, particularly in the residential-building sectors, according to a report by Bloomberg Intelligence. Turning to market updates, copper prices recently reached a two-week high, bolstered by optimism stemming from a trade deal between the U.S. and Japan. While gains were noted, the market remains cautious due to existing surpluses and concerns about inventory levels, particularly with regards to upcoming tariffs on copper. From the international front, France's EDF is restructuring its operations, opting to focus on domestic nuclear projects while scaling back its international endeavors. This decision comes as EDF's new leadership acknowledges the challenges of competing globally, thereby redirecting efforts towards enhancing France’s nuclear capabilities. Additionally, Iberdrola has initiated a capital increase of 5.9 billion euros aimed at supporting its significant investment plans in the U.S. and Britain, highlighting a commitment to expanding power grid infrastructures in these regions where regulatory assurances promise steady returns. Looking at broader macro trends, China is grappling with record heat, causing strain on its power grid and raising health concerns. The demand for electricity is surging as power generation struggles to keep up, marking a significant challenge for the country's energy supply infrastructure. Finally, U.S. electric power demand is on the rise, propelled by substantial consumption increases from data centers associated with AI and cryptocurrency operations. The energy transition continues to evolve with a considerable shift towards renewables as evidenced by the robust production figures reported by NextEra Energy.
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    4 m
  • Prysmian strengthens green push with Aero and E.On deals - Jul 22, 2025

    Prysmian strengthens green push with Aero and E.On deals - Jul 22, 2025
    Jul 22 2025
    As of July 22, today’s news is dominated by significant developments involving Prysmian's partnerships and projects that underscore the company's commitment to renewable energy advancements. Prysmian has joined the Offshore Renewable Energy Association (Aero), a move that highlights its pivotal role as a leader in energy and telecommunications. Aero's president, Fulvio Mamone Capria, emphasized Prysmian's technical contributions towards enhancing Italy's offshore energy sector, which is crucial in the transition to decarbonization and energy security for both the nation and Europe. The company, say Mamone Capria, is actively engaged in offshore projects, providing solutions for large wind farms and developing innovative underwater interconnection technologies. In a further announcement, Prysmian signed a long-term framework agreement with E.On, focusing on the supply of low and medium-voltage cables destined for Germany's electricity grid. This collaboration, part of a broader E.On initiative worth over 6 billion euros to modernize the German network, aims to bolster renewable energy integration, particularly for wind and solar power, as well as electric vehicles and energy storage systems. Turning to market updates, copper prices saw a modest increase today, supported by optimistic indicators from Chinese economic policies and demand forecasts, although caution persists regarding potential tariffs affecting economic growth. Despite the rise in copper, other base metals faced downward pressure as trade concerns loomed ahead of upcoming negotiations between various countries and the U.S. Meanwhile, in the broader energy narrative, the UK government has approved the Sizewell C nuclear plant project, with substantial backing from Canadian pension fund La Caisse and others. This project represents a critical step in Europe's nuclear revival, aiming to enhance energy security and meet climate targets. In other news, the U.S. government has seen slow progress in building electric vehicle charging stations despite a significant infrastructure allocation, while Norwegian aluminium producer Norsk Hydro reduced its 2025 spending forecasts amid trade uncertainties and tariff impacts. On the global stage, significant geopolitical events continue to unfold, with peace talks between Ukraine and Russia scheduled to take place in Turkey after weeks of heightened conflict.
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    3 m
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