Nexans (CHIX:NEXp)

€ 115.55 (0%) Market Cap: 5.06 Bil Enterprise Value: 5.76 Bil PE Ratio: 18.60 PB Ratio: 2.77 GF Score: 76/100

Full Year 2024 Nexans SA Earnings Call Transcript

Feb 19, 2025 / 08:00AM GMT

Release Date Price: €105.95 (+10.94%)

Transcript

Key Points

Positve

Nexans (NEXNY) achieved a record EBITDA of EUR 804 million in 2024, marking a 74% increase since 2021.
The company reported a significant order intake of over EUR 8.2 billion, reflecting strong market demand.
Electrification now accounts for more than 74% of Nexans (NEXNY)'s portfolio, with an adjusted EBITDA margin of 13%.
Nexans (NEXNY) successfully integrated three companies, boosting electrification revenue by EUR 1.3 billion.
The company reduced its carbon footprint by 29%, achieving a significant sustainability milestone.

Negative

The leverage ratio increased slightly due to the acquisition of La Triveneta Cavi, impacting the balance sheet.
Non-electrification sectors showed a decline of 2.5% in 2024, mainly due to a 27% drop in the automation business.
The company faces uncertainties with the GSI project, which could impact EBITDA if not resolved.
There was a higher income tax expense due to increased profits and origination in higher tax rate countries.
The auto-harness business experienced a decline in sales, contributing to the overall decrease in non-electrification revenue.

Operator

Ladies and gentlemen, good morning, and welcome to Nexans full year 2024 earnings conference call. As a reminder, this conference call is being recorded. (Operator Instructions)

I would now like to turn the call over to your host for today's conference, Mr. Christopher Guerin, Nexans' CEO. Please go ahead, sir.

Christopher Guerin

Nexans SA - Chief Executive Officer, Member of the Executive Committee

Thank you. Good morning, ladies and gentlemen, and thank you for joining us today. Here is Chris Guerin, CEO of Nexans. With me Jean-Christophe Juillard, Deputy CEO and CFO of Nexans and the Investor Relations team.

I will turn you over to Elodie, who will go over the conference call rules.

Elodie Robbe;mouillot

Nexans SA - Vice President Investor Relations

Thank you, Chris. I would like to remind participants that statements made during the conference call which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act

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