Q1 2026 Nexans SA Earnings Call Transcript
Key Points
- Nexans (NEXNY) reported a solid 4.9% organic growth in its electrification core businesses for Q1 2026, aligning with its strategic roadmap.
- The company announced a strategic acquisition of Republic Wire in the US, significantly enhancing its Power Connect activities and electrification footprint in the Americas.
- Power Transmission segment showed an 11.1% growth, driven by 8.8% organic growth and favorable foreign exchange impacts.
- The Power Grid segment experienced a 5.7% organic growth, supported by long-term framework agreements and strong data center activity.
- Nexans (NEXNY) maintains a robust backlog of EUR7.9 billion, providing strong visibility through 2028, supported by high-quality projects and the upcoming commissioning of a new cable laying vessel.
- Standard sales at the group level only achieved 0.1% organic growth, with the electrification gains offset by a 24% decline in metallurgy activities.
- The company anticipates a single-digit negative organic growth in Q2 2026 due to expected project phasing effects in the Power Transmission segment.
- The Nordic countries remain challenging for the Power Connect segment, with no signs of recovery in markets like Sweden.
- Nexans (NEXNY) faces a minus 2% foreign exchange impact, primarily due to movements in the US dollar and Canadian dollar.
- The acquisition of Republic Wire will increase net leverage to approximately 1.2 times net debt to 2025 adjusted EBITDA, although it is expected to deleverage by 2028.
Welcome to the Nexans Q1 2026 financial information. (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, and thank you for joining us today for Nexans Q1 2026 financial information call. As usual, short disclaimer noting that this presentation contains forward-looking statements and subject to the usual risks and uncertainties. Let me now walk through the key highlights of our Q1 2026 performance. We started 2026 with a solid performance in our electrification core businesses, delivering a robust plus 4.9% organic growth in Q1, fully in line with our roadmap and supported by strong underlying demand. At group level, standard sales reached EUR1.5 billion, corresponding to 0.1% organic growth. The good performance in electrification was offset by the contraction in our metallurgy activities as expected, following last year exceptional copper ordering level in
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