France · Delayed Price · Currency is EUR Nexans Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong 2025 results with 8.3% organic growth, 27% EBITDA increase, and robust cash flow. Completed electrification-focused portfolio rotation, advanced sustainability, and set 2026 guidance for €730–810M EBITDA. M&A and innovation remain key growth drivers.
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Strong organic growth in electrification and transmission segments drove nine-month sales to EUR 5.3 billion, with robust profitability and a record backlog. The ElectroCable acquisition in Canada strengthens the North American position, and 2025 guidance is confirmed.
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Julien Hueber is appointed CEO, succeeding Christopher Guérin, with a focus on operational excellence and continuity of strategy. Financial targets and guidance remain unchanged, with capital allocation and M&A acceleration as key priorities. No delays are expected in ongoing projects or acquisitions.
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Responsible sourcing in the cable value chain relies on ESG integration, transparency, and collaboration. Standards like The Copper Mark and data-driven approaches support traceability, circularity, and continuous improvement, while partnerships and technology drive progress on decarbonization and social responsibility.
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Delivered strong H1 2025 results with 4.9% organic growth, €441M EBITDA, and record capital returns. Raised FY guidance, maintained zero net debt, and advanced AI-driven transformation. Strategic M&A and innovation in electrification and grid segments underpin future growth.
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Record 2024 results exceeded all targets, with strong growth in electrification, successful acquisitions, and a €2.60 dividend per share. All governance, remuneration, and share plan resolutions were approved, and strategic focus remains on sustainable electrification and innovation.
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Q1 2025 saw 4.1% organic growth to €1.8B, led by power transmission’s 21.7% surge and a robust €8.1B backlog. Guidance for 2025 is reaffirmed, with strong Q2 momentum expected and key divestments progressing to support a pure electrification focus.
Fiscal Year 2024
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Record 2024 results with EBITDA up 21% to EUR 804 million and strong cash flow, driven by electrification and strategic M&A. 2025 guidance reflects scope changes and GSI project uncertainty, with continued focus on innovation, margin expansion, and robust backlog supporting long-term growth.
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Accelerating electrification, the company targets €1.15 billion EBITDA by 2028, driven by tech-enabled solutions, portfolio simplification, and balanced growth across Power Transmission, Grid, and Connect. Major investments in AI, sustainability, and M&A will support value creation and margin expansion.
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Nine-month 2024 organic growth reached 4%, led by Electrification and strong G&T backlog, despite Q3 delivery delays from aggressive inventory reduction. Full-year guidance for record profitability is confirmed, with robust demand and major CapEx in recycling and production capacity.
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H1 2024 saw robust growth in sales, EBITDA, and net income, driven by electrification and the La Triveneta Cavi acquisition. Upgraded guidance reflects strong momentum, a record backlog, and prudent risk management regarding the GridseA project.