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Contact with the financial markets was
particularly intense in 2012, with more
than 400 one-to-one or group meetings
at the Company's offices and roadshows
in the major financial centres of Europe,
North America and Asia.
The creation of value for shareholders and other
stakeholders is a key priority for Prysmian, being an
important aspect of its commitment to accuracy, clarity
and transparency in the communication of its business
strategy, objectives and results.
The Group's actions and procedures are designed to provide
the market with credible information about the business,
thus boosting confidence in the Company and encouraging
a long-term investment approach to its shares. Every
effort is made to avoid biased disclosures and ensure that
all investors and potential investors receive the same
information so that balanced investment decisions can be
made.
The Investor Relations office manages relations with
institutional investors and financial analysts, through
a process of transparent and timely communication.
More specifically, upon publishing its quarterly data, the
Company organises conference calls with institutional
investors and financial analysts and also invites specialist
media representatives to take part. In addition, the
Company promptly informs shareholders and potential
shareholders about every action or decision that could have
a material impact on their investment.
Contact with the financial markets was particularly intense
in 2012, with more than 400 one-to-one or group meetings
at the Company's offices, roadshows in the major financial
centres of Europe, North America and Asia, as well as
participation at various conferences organised by leading
international brokers. In addition, the Group organised
various visits to factories in Europe, the United States
and Asia for institutional investors and financial analysts
during the year, in order to provide them with more
detailed information about its products and production
processes.
Coverage of Prysmian stock remains very high with
considerable geographical diversification, even though
the research sector in Italy and worldwide underwent
significant consolidation during the year. Prysmian stock is
now tracked regularly by 25 independent offices (28 at the
end of 2011): Banca Akros, Banca Aletti, Banca IMI, Banca
Profilo, Barclays Capital, Berenberg, BofA Merrill Lynch,
Centrobanca, Cheuvreux, Citi, Deutsche Bank, Equita,
Espirito Santo, Exane BNP Paribas, Fidentiis, Goldman
Sachs, Hammer Partners, HSBC, Intermonte, JP Morgan,
Kepler, Mediobanca, Morgan Stanley, Natixis, UBS.
The Investor Relations function has maintained constant
contacts with institutional investors, not least via the
new official website
which has
a completely new interface and updated content. This
includes the recordings of audio/visual conference calls
and presentations to the financial community, corporate
documentation, press releases and all other information
relating to the Group, in both Italian and English. The
Investor Relations section also contains the financial
calendar, meeting documents, the code of ethics and
contact information for the analysts that track the stock,
as well as specific sections on Corporate Governance, Risk
Factors and the share price.
In recent years, socially responsible investors (SRI) whose
investment strategies include social and environmental
considerations, as well as financial matters, have shown
increasing interest in the sustainability issues addressed
by the Prysmian Group. This was confirmed throughout
2012 at meetings and contacts between the Investor
Relations function and institutional investors and ethical
funds. These groups requested information about the
Group's approach to sustainability and its principal
environmental and social performance indicators, as well
as its economic parameters. In addition, Prysmian has
responded to questionnaires submitted by specialist
companies seeking to understand better its social and
environmental strategies.
INVESTOR RELATIONS
