Nexans: FY earnings up 27%
(CercleFinance.com) - Cable manufacturer Nexans has reported a 27% rise in net profit to E283m for 2024, as well as a 21% increase in adjusted EBITDA to a record E804m, representing a 1.
2 point improvement in its margin to 11.4%.
Nexans posted standard sales of E7.1bn, up 8.7% (+5.1% organic), with an acceleration in the electrification business (+13% organic), thanks to early strategic investments and value-added solutions.
The Board of Directors has decided to propose to the AGM on 15 May the payment of a dividend of E2.60 per share for 2024, up 13%, reflecting its confidence in the group's prospects.
For FY 2025, Nexans expects to achieve adjusted EBITDA of E770m to E850m, and free cash flow of E225m to E325m, excluding unrealised disposals or acquisitions.
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2 point improvement in its margin to 11.4%.
Nexans posted standard sales of E7.1bn, up 8.7% (+5.1% organic), with an acceleration in the electrification business (+13% organic), thanks to early strategic investments and value-added solutions.
The Board of Directors has decided to propose to the AGM on 15 May the payment of a dividend of E2.60 per share for 2024, up 13%, reflecting its confidence in the group's prospects.
For FY 2025, Nexans expects to achieve adjusted EBITDA of E770m to E850m, and free cash flow of E225m to E325m, excluding unrealised disposals or acquisitions.
Copyright (c) 2025 CercleFinance.com. All rights reserved.