Nexans: 9m sales flat in organic terms
(CercleFinance.com) - Nexans todasy reports 9m 2023 sales at standard metal prices of E4.
92bn, almost flat (-0.2%) on an organic basis, while reporting positive ith organic growth of 3.4% excluding "other activities".
In Q3, the production and transmission segment grew by 17.8% organically, benefiting from the ramp-up of Nexans' Charleston plant, which is now fully operational, management said.
The cable manufacturer confirms its targets for 2023, excluding unfinished acquisitions and disposals, i.e. EBITDA of E610m to E650m, and normalised cash generation of E220m to E300m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
92bn, almost flat (-0.2%) on an organic basis, while reporting positive ith organic growth of 3.4% excluding "other activities".
In Q3, the production and transmission segment grew by 17.8% organically, benefiting from the ramp-up of Nexans' Charleston plant, which is now fully operational, management said.
The cable manufacturer confirms its targets for 2023, excluding unfinished acquisitions and disposals, i.e. EBITDA of E610m to E650m, and normalised cash generation of E220m to E300m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.