Nexans: outlook raised for 2024

(CercleFinance.com) - Nexans has raised its outlook for 2024 to target adjusted EBITDA of between 750 and 800 million euros and normalized free cash flow of between 275 and 375 million euros, excluding unfinished acquisitions or disposals.


The cable manufacturer claims net income of 176 million euros for the first half of 2024, up from 134 million a year earlier, and adjusted EBITDA up by 16.4% to 412 million, representing a margin improved by 0.9 points to a record level of 11.6%.

At standard metal prices, sales came to 3.55 billion euros, up 6.1% organically on a like-for-like basis, driven by a 14.1% increase in the electrification business.

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