Nexans : Continued brisk momentum. Upward revision of 4.5% to our 2024 EBITDA estimate
>A remarkable half-year - Nexans posted interim performances well above expectations and consensus with an acceleration in growth and interim organic increase of +6.1% including +9.4% in Q2 and an EBITDA of € 412m (estimated € 361.9m, same for the cons.), +16%, i.e. a margin of 11.6% vs 10.9%, an improvement of 90bp. The Electrification division (2/3 of the revenue) posted an organic increase of +14.1% including +21.3% in Q2, performances mainly attributable to the sh...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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