Nexans: operating margin improves in H1
(CercleFinance.com) - Nexans has published net loss, group share of -116 million euros for the first six months of 2019, compared with a profit of +40 million euros in the first half of 2018, with an operating margin of 4.
9% of sales at constant metal prices, compared with 3.7% a year before.
Sales reached 3,432 million euros, of which 2,311 million euros are at constant metals, for organic growth of 5%. Apart from the high voltage and projects segment (-6%), the cables division reported growth of +7%.
EBITDA came in at 195 million euros, up 28 million euros on a comparable basis, excluding IFRS 16. In light of these H1 results, Nexans expects 2019 EBITDA to be between 360 million and 390 million euros, excluding IFRS 16.
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9% of sales at constant metal prices, compared with 3.7% a year before.
Sales reached 3,432 million euros, of which 2,311 million euros are at constant metals, for organic growth of 5%. Apart from the high voltage and projects segment (-6%), the cables division reported growth of +7%.
EBITDA came in at 195 million euros, up 28 million euros on a comparable basis, excluding IFRS 16. In light of these H1 results, Nexans expects 2019 EBITDA to be between 360 million and 390 million euros, excluding IFRS 16.
Copyright (c) 2019 CercleFinance.com. All rights reserved.