Nexans : Excellent start to the year and full-year guidance confirmed
>Q1 revenues in line with our expectations - Nexans reported standard revenues (on constant non-ferrous metal prices) of € 1.692bn (€ 1.6932bn est.) vs € 1.674bn up 1% and +2.8% in organic terms (+1.2% est.). Excluding the metallurgy business, which is deliberately lower, organic growth came to 4.7% despite fairly adverse comps (+6.5%). For the electrification business (60.5% of the total), revenues came to € 1.025bn, up by 6.7% in organic terms (+6.2% est.).§h...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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