Nexans
NEX
ISIN FR0000044448 / Valor 1242479
Nexans
UMushroom community rating:
About company
Nexans is a global player in the cable and optical fiber industry, focusing on the design, manufacture, and distribution of products that are essential for the development and operation of electrical grids and telecommunications networks. The company has recently been involved in significant projects that underscore its expertise and capacity in the field. For instance, it has been selected by a leading Italian utility to deliver a comprehensive suite of low- and medium-voltage underground cables, emphasizing its commitment to sustainability by using 100% low-carbon aluminum in the production process at its Italian factory in Battipaglia. Additionally, Nexans has secured a first call-off under a 2GW TenneT framework agreement, involving the engineering, procurement, construction, and installation (EPCI) of high-voltage direct current (HVDC) cables for offshore grid connection systems, BalWin3 and LanWin4, which will transmit a total of 4 Gigawatts of offshore wind energy to Germany. The company is also engaged in the RENOV research project, aiming to develop innovative recycling solutions for cross-linked industrial plastics used in power cables and accessories, highlighting its involvement in advancing sustainable manufacturing practices within its industry sector.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.11.2025):
Nexans — 9M 2025 (with Q3 2025 detail): The group reported robust 9M 2025 results driven by Electrification, delivering +5.8% organic Group growth (standard sales €5,331m) and a stronger Q3 momentum (+7.7% organic). Electrification businesses grew +9.4% organically in 9M and +12.6% in Q3. Management reiterated full‑year 2025 guidance and announced strategic moves including an acquisition in Canada and a CEO change in October 2025.
Top-line performance
Standard sales for 9M 2025 were €5,331m, up +5.8% organically year‑on‑year; Q3 2025 organic growth was +7.7% (total Group sales Q3 €1,680m).
Electrification strength
Electrification (PWR‑Transmission, PWR‑Grid, PWR‑Connect) drove results: +9.4% organic growth in 9M and +12.6% in Q3 2025, representing 73%+ of Group activity.
PWR‑Transmission
PWR‑Transmission sales reached €1,115m in 9M (+25.3% organic) with adjusted backlog at €7.9bn (+27% vs Sept 2024), underpinned by strong subsea demand and increased Q3 installations.
PWR‑Grid and PWR‑Connect
PWR‑Grid: €989m in 9M, +6.7% organic (Q3 +9.0%) as frames/projects ramp up. PWR‑Connect: €1,737m in 9M, +1.4% organic (Q3 +3.6%) with recovery signs in several regions despite weaker Europe/Nordics.
Other segments and scope effects
Non‑electrification (Industry & Solutions) declined -6.0% organically to €868m in 9M, reflecting disposals (Lynxeo). Other activities (mainly Metallurgy) were €623m, +4.1% organically. Overall scope effects in 9M 2025 reduced sales by c.1.2%.
Cash, financing and guidance
Nexans confirmed 2025 targets: adjusted EBITDA €810–860m and Free Cash Flow €275–375m. The EIB has provided a €250m loan (undrawn at Sept 30, 2025) to support R&D and industrial investments.
M&A and leadership
Nexans signed to acquire Electro Cables (Canada) to strengthen PWR‑Connect and high‑value low‑voltage capabilities. On Oct 13, 2025 Julien Hueber was appointed CEO effective immediately.
Investor takeaways
Organic growth is broad‑based across electrification segments with particularly strong transmission backlog; guidance was reiterated, supported by strategic financing and targeted M&A, while non‑electrification businesses remain under pressure.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6174 M
Market cap (USD)
178,704
Daily traded volume (Shares)
104.8 / 102.9
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Andreas Kienast
Andreas Kienast
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