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Nexans: Q3 organic sales growth of 5.1%

(CercleFinance.com) - Nexans has posted Q3 sales of 1,168 million euros (at constant metal prices), up 5.
1% in organic terms, thanks to the high voltage segment and projects (up 12.9%) with an acceleration of high-voltage sub-marine installations.

The cable manufacturer continues to roll out its "New Nexans" plan, which is focused on reducing costs, the transformation, via the SHIFT program and selective growth, with the aim of improving ROCE.

Despite uncertain geopolitical conditions, group CEO Christopher Guérin, has confirmed the group's FY EBITDA target of 360 million to 390 million euros (excluding the impact of IFRS16).


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