Nexans: return to net profit in 2020
(CercleFinance.com) - The cable and optical fiber company Nexans has reported 2020 net profit, group share of 78 million euros, against a loss of 122 million euros in 2019, with EBITDA of 347 million euros, which represents a margin that is down 0.
3 point to 6.1% for standard revenues of 5.71 billion euros, down 8.6% on an organic basis.
Benefiting from cash generation and ROCE that exceed its targets, and net debt that is at a 10-year low, at its AGM its Board of Directors will propose a dividend payment of 0.70 euro per share out of 2020 earnings.
Nexans targets EBITDA of between 410 to 450 million euros in 2021, free cash flow before mergers, acquisitions and capital operations of 100 to 150 million euros and a return on capital employed (ROCE) of between 12.5% and 14.5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
3 point to 6.1% for standard revenues of 5.71 billion euros, down 8.6% on an organic basis.
Benefiting from cash generation and ROCE that exceed its targets, and net debt that is at a 10-year low, at its AGM its Board of Directors will propose a dividend payment of 0.70 euro per share out of 2020 earnings.
Nexans targets EBITDA of between 410 to 450 million euros in 2021, free cash flow before mergers, acquisitions and capital operations of 100 to 150 million euros and a return on capital employed (ROCE) of between 12.5% and 14.5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.