33 348
33
Prysmian stock was affected by this downward trend, as well
as by profit warnings by its main competitors, reaching a
low for the year of Euro 12.80 in mid-October. Conditions on
international financial markets and in the Eurozone slowly
improved in the last two months of 2014, thanks to growing
expectations of an imminent quantitative easing in Europe
by the ECB and to GDP growth in the United States, back
to +5% in the third quarter, a rate not seen since 2003. In
this context, the stock entered a bullish phase, supported
by publication of the Group's nine-month results for 2014,
confirmation of the full-year guidance and the ability to
manage the Western Link problem, as well as by a gradual
improvement in the recommendations of financial analysts,
67% of whom expressed Positive recommendations (the
remaining 33% maintained a Neutral rating and no one gave
a Negative rating). The Prysmian stock therefore closed 2014
at a price of Euro 15.15, down 19% from Euro 18.71 at the end
of 2013, but nonetheless higher than its original IPO price.
May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12 May-13 Nov-13 May-14 Nov-14
Volume - Mln shares
Price - Euro
24
21
18
15
12
9
6
3
6.0
7.0
5.0
4.0
3.0
2.0
1.0
0
Volumes
Prysmian
PERFORMANCE OF PRYSMIAN STOCK SINCE IPO
140
120
100
80
60
40
20
0
Prysmian
FTSE MIB
EURO STOXX Industrials
PERFORMANCE OF PRYSMIAN STOCK VERSUS BENCHMARKS SINCE IPO
May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12 May-13 Nov-13 May-14 Nov-14