Added to YB: 2026-10-15
Pitch date: 2026-10-13
NEX.PA [neutral]
Nexans S.A.
-2.93%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Nexans S.A. manufactures and sells cables in France, Canada, Norway, Italy, and internationally. It operates through PWR-Grid & Connect, PWR-Transmission, and Other segments.
Market Cap
EUR 5.8B
Pitch Price
EUR 133.20
Price Target
N/A
Dividend
2.20%
EV/EBITDA
8.51
P/E
30.81
EV/Sales
0.80
Sector
Electrical Equipment
Category
growth
Nexans (NEX France): Grid and Connect sustain growth
NEX.PA (update): Nexans has several sources of earnings growth despite a temporary moderation in large Transmission projects: Grid and Connect delivered 4.9% and 7.3% H1 organic growth with margins expected at 15%+ and 12%+, while Republic Wire adds ~€520m of annual revenue and targeted synergies. Transmission margins are improving, and 2026 adjusted EBITDA guidance remains €770-840m versus €727.6m in 2025; risks include Nordic weakness and project-timing volatility.
Read full article (2 min)