Nexans – Nexans delivers robust performance in 2023

February 15, 2024
Nexans

  • 2023 standard sales of €6.5 billion, €7.8 billion current sales, strong profitability expansion and excellent cash generation
  • Nexans delivered on all its objectives, which were upgraded last July, confirming the depth of its transformation year after year
    • Adj. EBITDA1 at a historic high of €665 million, up +8% year-on-year, and adj. EBITDA margin at 10.2%; EBITDA including share-based payments at €652 million, outperforming target
    • Focus on value added solutions (SHIFT Prime) generating +€20 million incremental EBITDA in its Electrification businesses
    • Outstanding Normalized FCF at €454 million, reflecting strict management of working capital and Generation & Transmission’s adjusted backlog growth
  • Strong balance sheet maintained with net debt at €214 million and a 0.4x leverage ratio
  • …