Prysmian's Greener Cables Raise Questions On Valuation And Future Margins [Yahoo! Finance]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Prysmian (BIT:PRY) announced new steps in its power distribution and high voltage cable portfolio to phase out environmentally concerning substances, including PFAS. The company is redesigning materials and production processes to align its cable offerings more closely with sustainability objectives. Prysmian plans to increase the share of Sustainable Sales so that they represent a majority of group revenue over time. Prysmian, a major player in energy and telecom cables, is moving further into products that aim to meet tightening environmental expectations from regulators and customers. For investors watching cable suppliers tied to grid upgrades and renewable connections, this shift provides more detail on how BIT:PRY is shaping its product mix. The focus on material choices and process changes also gives you additional angles to monitor beyond volume and pricing. T
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