Prysmian

JEME Capital is proud to present our equity research on Prysmian Group, a global leader in cable systems powering the energy transition and the digital future. Our report highlights the main investment factors: double-digit revenue growth driven by electrification and power-grid modernization; a record backlog of EUR 17 billion, providing strong revenue visibility for the coming years; strategic expansion in North America through the Encore Wire acquisition, adding exposure to a higher-margin market; and technology leadership in HVDC and submarine cables, critical for winning global infrastructure projects.

Prysmian is uniquely positioned to benefit from major structural trends across renewable energy, digital infrastructure, and smart grids, while maintaining scale advantages and sector-leading capabilities in a market linked to lower carbon emissions. Our Buy rating and 12-month target price of EUR 75.70 reflect Prysmian's compelling structural positioning and multi-year backlog visibility.