Prysmian: Management feedback from NYC

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Prysmian: Management feedback from NYC

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Prysmian

Management feedback from NYC

Maintain Rating: BUY | PO: 148.00 EUR | Price: 144.40 EUR

We hosted Prysmian management in NYC 21 May 2026

We hosted the Prysmian management team including CEO, CSO, North American CEO, Equity

EVP Transmission and EVP Digital Solutions for investors meetings in New York. The

Uma Samlin >>

discussions were centred around potential opportunities in fibre and optic cable Research Analyst

expansion, and the pricing dynamics in a market with sustained supply shortages. We MLI (UK) +44 20 7995 1964

see Prysmian to be very well placed to capture significant growth and margin uma.samlin@bofa.com

opportunities in fibre capacity expansion and expect the upcoming hyperscaler Benjamin Heelan >>

agreements to materialise in the next few months. Maintain Buy. Research Analyst Merrill Lynch (DIFC)

Structural fibre demand may drive more hyperscaler deals +44benjamin.heelan@bofa.com20 7996 5723

Data centre (DC) exposure remains a key structural growth driver for Prysmian (DC Alexander Jones, CFA >>

related revenue likely to exceed €2bn in 2026), with hyperscaler demand underpinning a ResearchMLI (UK) Analyst

strong outlook for fibre connectivity. Management highlights they see a persistent +44 20 7995 5828

alexander.jones2@bofa.com

supply-demand imbalance in fibre which could drive additional hyperscaler deals beyond

already mentioned €5bn over 3-4yrs. Prysmian’s broad portfolio exposure across high, ToreResearchFangmannAnalyst >>

medium and low voltage allows it to capture growth across the DC ecosystem. Merrill Lynch (DIFC)

tore.fangmann@bofa.com

Capacity expansion and strategic shift to hyperscalers Lorenzo Di Patrizi >>