Nexans: FY earnings down, but confident for 2019
(CercleFinance.com) - Nexans has reported net income group share of 14 million euros for 2018, compared with 125 million euros in 2017, along with an operating margin of 188 million euros, compared with 272 million euros a year ago.
The cable manufacturer's annual revenues came in at 4.41 billion euros at constant metal prices, stable y-o-y. Group EBITDA was 325 million euros (vs. 411 million euros in 2017).
Although down year-on-year, the group's operating margin and EBITDA are in line with its expectations announced last November. For 2019, the group - which says that it is starting the year "with confidence" - in any case anticipates a "significant" improvement in EBITDA, thanks to the transformation plan presented in the autumn.
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The cable manufacturer's annual revenues came in at 4.41 billion euros at constant metal prices, stable y-o-y. Group EBITDA was 325 million euros (vs. 411 million euros in 2017).
Although down year-on-year, the group's operating margin and EBITDA are in line with its expectations announced last November. For 2019, the group - which says that it is starting the year "with confidence" - in any case anticipates a "significant" improvement in EBITDA, thanks to the transformation plan presented in the autumn.
Copyright (c) 2019 CercleFinance.com. All rights reserved.