Full Year 2025 Nexans SA Earnings Call Transcript
Key Points
- Nexans (NEXNY) achieved strong financial performance in 2025, with group sales reaching €6.1 billion and an organic growth of 8.3% year-on-year.
- The company reported an adjusted EBITDA of €728 million, representing an 11.9% margin, indicating improved profitability.
- Cash generation was solid, with a cash conversion ratio of 47%, reflecting strong cash discipline and quality of earnings.
- Nexans (NEXNY) completed two major acquisitions in Canada and Spain, enhancing its electrification footprint and offering growth opportunities.
- The company exceeded its mid-term sustainability targets, achieving a 49% reduction in CO2 emissions for Scope 1 and 2, driven by energy efficiency and renewable energy usage.
- The industrial solution businesses are now classified as discontinued operations, impacting the financial statements for 2025 and 2024.
- The Connect segment faced pressure in Asia Pacific and Oceania, affecting profitability, particularly in the second half of 2025.
- The metallurgy segment was impacted by US tariffs, resulting in a negative €6 million impact on a full-year basis.
- The company anticipates a softer first half of 2026 due to project phasing, which may affect financial performance.
- Nexans (NEXNY) is still quoting for projects to mitigate the impact of the GSI project rescheduling, creating uncertainty in the backlog.
Welcome to the 2025 full year results. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing pound 5 on their telephone keypad. Now I will hand the conference over to the speakers Julian Huber, CEO, and Vincent Piquet, CFO. Please go ahead.
Thank you. So good morning everyone, and thank you for joining us today for next year 2025 result call. This is Julian speaking.
So let's start as usual in slide 2, a short disclaimer, noting that this presentation contains forward-looking statements subject to the usual risk and uncertainties.
Moving to slide 3. So before diving in the presentation, I would like to officially welcome and introduce Vincent Piquet, who, as recently joined Nexence, our CFO.
Nexon brings a wealth of experience from the automotive and industrial sectors and was previously CFO of Empire at Group.
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