Nexans: outlook raised for 2024

(CercleFinance.com) - Nexans has raised its outlook for 2024, now targeting adjusted EBITDA of between E750m and E800m and normalised free cash flow of E275m to E375m, excluding uncompleted acquisitions or disposals.


The cable manufacturer is claiming net income of E176m for H1 2024, compared with E134m a year earlier, and adjusted EBITDA up 16.4% to E412m, representing a margin that has improved by 0.9 point to a record level of 11.6%.

At standard metal prices, sales came to E3.55bn, representing organic growth of 6.1% LFL, driven by a 14.1% increase in the electrification business.


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