Nexans: Organic sales down 4.6%
(CercleFinance.com) - Cable manufacturer Nexans has announced Q1 2018 sales of 1,538 million euros, down 4.
3% at constant metal prices.
The decline in organic terms may be broken down into a 2.2% increase in cables, excluding "Oil & Gas," largely offset by a 30% drop in high voltage and projects, excluding umbilicals and 35.5% in Oil & Gas.
CEO Arnaud Poupart-Lafarge added, “Also during the first three months of the year, under our new organizational structure, we have started to implement our “Paced for Growth” strategic plan, whose targets are confirmed,”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3% at constant metal prices.
The decline in organic terms may be broken down into a 2.2% increase in cables, excluding "Oil & Gas," largely offset by a 30% drop in high voltage and projects, excluding umbilicals and 35.5% in Oil & Gas.
CEO Arnaud Poupart-Lafarge added, “Also during the first three months of the year, under our new organizational structure, we have started to implement our “Paced for Growth” strategic plan, whose targets are confirmed,”
Copyright (c) 2018 CercleFinance.com. All rights reserved.