Report
Jean-François Granjon

Nexans : Solid recovery under way with backing from the self-help plan - upside intact

>Fresh contracts and backlog at a good level - While it is true that the group is not looking for growth at all costs and at the expense of profitability, the fact remains that Nexans has recently announced contracts which will strengthen its already decent backlog (>€ 1.2bn for the submarine high voltage segment). We would particularly highlight: i/ a contract for the wind park in the bay of St Brieuc for € 115m, 16 km off the coast, which also includes IMR services,...
Underlying
Nexans SA

Nexans offers cables and cabling systems for the Infrastructure, Industry, Building and Local Area Network markets. Co.'s offering covers the research, design, manufacturing, installation, training, and network supervision and control. Co. operates under three segments: Energy (power cables for energy infrastructures, special cables for industry, and equipment cables for the building market), Telecom (cables for private telecommunications networks, junction components for telecommunications network cables, and copper and optical fiber cables for public telecommunications networks) and Electrical wires (wirerods, electrical wires and winding wires production operations).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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