Today, Nexans published its financial statements for the first-half of 2023, as approved by the Board of Directors at its meeting on July 25th, 2023 chaired by Jean Mouton.
- Record high EBITDA and ROCE, pushed by unique value growth execution model
- Outstanding performance despite one-offs in Generation & Transmission business
- Completion of Reka Cables acquisition in the Nordics, deployment of operational and financial synergies at Centelsa, significantly ahead of plan
- Step-up in Prime offerings featuring the deployment of Nexans' Fire Safety global offer; SHIFT Prime and Amplify programs delivering a +36 million euros EBITDA windfall
- Record high adjusted Generation & Transmission backlog at 5.2 billion euros excluding 1.4 billion euros, just awarded, EuroAsia Interconnector project
- Strategic investment in a new state-of-the-art cable-laying vessel to address backlog growth
- Full-year 2023 Guidance upgraded:
- EBITDA in the range of 610-650 million euros (from 570-630 million euros)
- Normalized Free Cash Flow between 220 and 300 million euros (from 150-250 million euros)
- Demand to remain at high levels in Distribution, while anticipated deceleration in some Usages regions
- Strengthened Sustainability commitments and Net Zero by 2050 submitted to the SBTi.
Commenting on the Group's performance, Christopher Guérin, Nexans' Chief Executive Officer, said: "
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