Half Year 2026 Nexans SA Earnings Call Transcript
Key Points
- Nexans (NEXNY) reported a solid adjusted EBITDA of EUR 388 million, representing a healthy margin of 11.9% of standard sales.
- The company achieved organic growth of 4.5% in its electrification business, driven by strong performance in PWR-Transmission and PWR-Grid segments.
- Nexans (NEXNY) successfully expanded its North American footprint with the acquisition of Republic Wire, contributing to its growth strategy.
- The company's cash conversion ratio stood at 42.7%, highlighting efficient cash management and strong operational performance.
- Nexans (NEXNY) is well-positioned to capture future growth opportunities in fast-growing verticals such as data centers, battery energy storage systems, and solar energy, thanks to its pure player electrification model.
- The metallurgy segment experienced a significant organic decline of 15%, impacting overall growth.
- The PWR-Connect segment faced a mixed effect, with margins constrained by market conditions in the Nordic countries and Italy.
- Despite strong performance, the adjusted EBITDA margin was slightly below the level of H1 2025, indicating some margin pressure.
- The company's net income from discontinued operations decreased by EUR 17 million, reflecting losses from Autoelectric.
- Nexans (NEXNY) faces challenges in the Nordic market, which has not yet recovered, impacting the Connect segment's performance.
Welcome to the Nexans half Year 2026 earnings call. (Operator Instructions)
Now I will hand the conference over to the speakers. Julien Hueber, CEO; and Vincent Piquet, CFO. Please go ahead.
Good morning, everyone, thank you for joining us today for Nexansâ first half 2026 result call. Iâm here today with Vincent Piquet, our CFO, and together weâll take you through our H1 2026 performance. As usual, our disclaimer noting that this presentation contains forward-looking statements subject to the usual risk and uncertainties.
Slide three. Let me show you the key highlights of our first half 2026 performance. Nexans delivers once again its strategy of profitable growth and further increase its exposure to the US market. Starting with group performance.
Standard sales reach EUR3.2 billion, up by 1.5% organically, driven by a strong electrification performance with organic growth up by 4.5%, more than offsetting the expected decline in other activities
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