Report
Jean-François Granjon

Nexans : Feedback roadshow - Un backlog de qualité et des acquisitions relutives : une visibilité renforcée – Surperformance vs Neutre – OC 115 € (vs 95 €)

>Poursuite de l’amélioration des marges - La tonalité du management était plutôt encourageante après un exercice 2023 qui affiche des performances avec 1 an d’avance par rapport aux objectifs 2024 et des perspectives 2024 solides. La guidance d’EBITDA constitue une bonne surprise (670/730 M€ alors que nous anticipions 650/700 M€) comparativement à 665 M€ en 2023 (+10% haut de fourchette). Par ailleurs, cette guidance n’intègre pas la consolidation de l’acquisition en ...
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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