Nexans : Transformation now hinges on electrification
Nexans' businesses were hit by the covid crisis in 2020. Still, the rollout of the New Nexans 2019-21 plan enabled the group to contain the decline in its operating results and credit metrics trended favourably in the full year. At the same time, Nexans announced a new plan for 2021-24 aimed at speeding up its transformation and refocusing its businesses on electrification. In this Special Comment, we review the 2020 results and the credit implications of the new strategic plan. - ...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).
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.
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