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Nexans: net income doubles in 2017

(CercleFinance.com) - Nexans has published 2017 net income of 125 million euros, against 61 million euros in 2016, with operating profit of 272 million euros, up 16% like-for-like.

The cable manufacturer's annual revenues amounted to 6.37 billion euros at current metals prices, up 5.1% in organic terms, driven by an increase in underwater high voltage activities (+45%), which has been ongoing since the beginning of the year.

Hence boasting "mission accomplished" for the Nexans in Motion plan after the third year of growth, the group intends to offer a dividend of 0.7 euro per share for 2017, against 0.5 euro for 2016.

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