Nexans: targets set for 2025-28
(CercleFinance.com) - Ahead of its Investor Day today in London, Nexans unveils its targets for 2025-28, including adjusted EBITDA of E1.
15bn (+ or - E75m) for 2028, as it continues its reorientation towards electrification activities.
It is also aiming for a return on capital employed of over 20%, capital expenditure of around E1.2bn and cumulative FCF before M&A and capital transactions estimated at around E1.4bn between 2025 and 2028.
On its electrification perimeter, Nexans anticipates a compound annual growth rate of between +3 and +5% (on an organic basis), as well as an increase in adjusted EBITDA of E350m between 2024 and 2028.
In terms of capital allocation, it plans selective acquisitions and controlled leverage, as well as a progressive dividend policy with a minimum payout ratio of 30%, and share buybacks to avoid dilution.
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15bn (+ or - E75m) for 2028, as it continues its reorientation towards electrification activities.
It is also aiming for a return on capital employed of over 20%, capital expenditure of around E1.2bn and cumulative FCF before M&A and capital transactions estimated at around E1.4bn between 2025 and 2028.
On its electrification perimeter, Nexans anticipates a compound annual growth rate of between +3 and +5% (on an organic basis), as well as an increase in adjusted EBITDA of E350m between 2024 and 2028.
In terms of capital allocation, it plans selective acquisitions and controlled leverage, as well as a progressive dividend policy with a minimum payout ratio of 30%, and share buybacks to avoid dilution.
Copyright (c) 2024 CercleFinance.com. All rights reserved.