France · Delayed Price · Currency is EUR Nexans Earnings Call Transcripts
Fiscal Year 2026
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Record 2025 results featured double-digit growth, strong cash flow, and a €2.90 dividend. Strategic focus included U.S. expansion, data centers, and decarbonization, with all board and compensation resolutions adopted. Shareholders' questions addressed copper sourcing, recycling, and market positioning.
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Q1 2026 delivered solid electrification growth, offset by metallurgy decline, with group sales up 1.3%. The Republic Wire acquisition will expand North American sales above EUR 1 billion and is expected to be EPS accretive, with strong synergy potential and minimal CapEx needs.
Fiscal Year 2025
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Delivered strong 2025 results with €6.1bn sales, 8.3% organic growth, and 27% EBITDA increase, driven by electrification focus and major acquisitions. 2026 guidance targets €730–810m EBITDA, with continued margin expansion and robust cash generation.
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Strong nine-month results driven by electrification, with organic growth above guidance and robust segment performance. The ElectroCable acquisition in Canada enhances market position and is immediately EPS accretive. 2025 guidance is confirmed, with continued focus on innovation, operational excellence, and disciplined capital allocation.
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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 were achieved, driven by electrification and innovation, with a proposed €2.60 dividend per share. The board renewed key mandates, advanced ESG and recycling initiatives, and adopted all resolutions with record shareholder participation.
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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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The company aims to accelerate electrification with tech-driven solutions, targeting €1.15bn EBITDA by 2028 and 3–5% organic growth, while expanding advanced offers and sustainability initiatives. Major investments in AI, recycling, and M&A will support balanced growth across Power Transmission, Grid, and Connect.
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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 strategic acquisitions. Guidance for 2024 was upgraded, with strong backlog and margin expansion, while risks remain around project timing and competitive dynamics.