Prysmian: Encore Wire Integration Will Boost Cash Flows [Seeking Alpha]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Seeking Alpha
Follow Summary Prysmian's stock has increased by 60% in the past year, with strong financial performance and the recently closed acquisition of Encore Wire as catalysts. Despite a decrease in revenue and profit, Prysmian's free cash flow remains strong, with a positive outlook for the future. The recent acquisition of Encore Wire will increase Prysmian's net debt but is expected to generate significant EBITDA and synergies, leading to a potential decrease in EV/EBITDA multiple by 2025. curraheeshutter/iStock via Getty Images Introduction About a year ago, I mentioned in an article I was charmed by Prysmian's ( OTCPK:PRYMY OTCPK:PRYMF ) financial performance, as the stock was still trading at just 8 times EBITDA. I thought that was pretty low for a Recommended For You About PRYMY Stock Related Stocks Trending Analysis Trending News
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News
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