Nexans: 4% organic growth in 9m sales

(CercleFinance.com) - Nexans announces standard sales of E5.
23bn for the first nine months of 2024, up 4% organically, notably driven by its electrification activities (+12.1%).

The cable manufacturer claims organic growth of 7.9% in the third quarter, a sign that early strategic investments in the power generation and transmission segment are already bearing fruit, it says.

Nexans confirms its targets for 2024, as raised last July, with adjusted EBITDA of E750m to E800m, and normalised free cash flow of E275m to E375m.


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