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Prudential Financial : Pramerica opens state-of-the-art campus in Letterkenny

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10/20/2017 | 11:01am CEST

Pramerica Systems Ireland Limited, a wholly-owned subsidiary of U.S.-headquartered Prudential Financial, Inc. (NYSE:PRU), today opened a new €42 million campus in Letterkenny, continuing its long-term commitment to County Donegal. Opening with just eight employees in 2000, Pramerica has grown to become the largest employer in the northwest region with more than 1,500 people on staff.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171020005250/en/

Pramerica state-of-the-art campus. (Photo: Business Wire)

Pramerica state-of-the-art campus. (Photo: Business Wire)

The new 130,000-square-foot campus features green technologies for electricity generation and rainfall harvesting. It has parking for more than 1,000 vehicles, landscaped and green areas for staff recreation and many other amenities. Pramerica was established in Letterkenny 17 years ago, and provides a wide range of technology and business services and solutions to Prudential.

“This investment underscores our commitment to the Letterkenny community and to Ireland,” said Barbara Koster, senior vice president and chief information officer, who was on site for the opening. “This new campus ensures that the immensely talented people who work here have every resource they need to provide excellent service to the customers they support. The exceptional community backing we enjoy here only adds to the success.”

Construction took a year, was one of the largest construction projects in the country and employed more than 220 local tradespeople.

During her visit, Koster will be recognized as a recipient of the Tip O’Neill Irish Diaspora Award for her professional achievements and support for Ireland. O’Neill was Speaker of the U.S. House of Representatives from 1977 to 1987, and his maternal grandparents were from Donegal.

Pramerica will donate €10,000 to the local Special Olympics to coincide with the opening, continuing a tradition that it started when the first office opened in 2000.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2017, has operations in the United States, Asia, Europe, and Latin America. The company’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., the company’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom. For more information, please visit news.prudential.com.

© Business Wire 2017
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Financials ($)
Sales 2017 50 898 M
EBIT 2017 6 129 M
Net income 2017 4 323 M
Debt 2017 -
Yield 2017 2,77%
P/E ratio 2017 11,18
P/E ratio 2018 9,73
Capi. / Sales 2017 0,94x
Capi. / Sales 2018 0,90x
Capitalization 47 676 M
Duration : Period :
Prudential Financial Inc Technical Analysis Chart | PRU | US7443201022 | 4-Traders
Technical analysis trends PRUDENTIAL FINANCIAL INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 117 $
Spread / Average Target 5,7%
EPS Revisions
John Robert Strangfeld Chairman, President & Chief Executive Officer
Charlie F. Lowrey Chief Operating Officer-International & EVP
Robert Michael Falzon Chief Financial Officer & Executive Vice President
Barbara G. Koster Chief Information Officer & Senior Vice President
K. Andrew Crighton Chief Medical Officer
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