2017 Half Year Results
July 27, 2017
Safe Harbor
This press release contains forward-looking statements which are subject to various expected or unexpected risks and uncertainties that could have a material impact on the Company's future performance.
Readers are also invited to log onto the Group's website to read the full text of the annual report for 2016, including the risk factors and uncertainties for 2017-2018,
the 2016 financial statements, which include in particular the risks related to the investigations on anti-competitive behavior launched in 2009 (see Note 30 a)
to the consolidated financial statements, "Antitrust Investigations"), as well as chapter 3 of the 2017 half year financial report on risk factors and main uncertainties.
The Group's outlook for the second half of 2017 and beyond is subject to several major uncertainties:
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The continued impact of depressed prices in Oil & Gas industries on customers' capital expenditures;
The crisis in shipbuilding and the construction of offshore platforms, particularly in Asia;
The deteriorated economic and political situation in South America, coupled with the impact of recent natural catastrophes which are impacting demand, as well as exchange and credit risks;
The impacts of the political crisis in Qatar on Nexans' activities in the region;
The economic and political environment in the European Union and the United States, with potential major changes in trade policies (customs protection, embargoes,
etc.) and tax systems, including the potential impact of Brexit;
The volatility in LAN projects in the US;
The risk that market conditions will prevent the projected results of restructuring of the Group's business portfolio from being achieved at the planned pace;
Inherent risks related to carrying out major turnkey projects for high-voltage submarine cables, which are exacerbated by concentration on a low number of largescale projects (Maritime Link, Nordlink, Beatrice, NSL, East Anglia One) and the high load of the relevant factories;
The risk that certain R&D and innovation programs or programs designed to improve the Group's competitiveness experience delays or do not fully meet their objectives;
The timeframe and the economical impacts of the market transition to building wires and cables complying with the new European CPR (Construction Products
Regulation).
INVESTOR RELATIONS:
Michel GÉDÉON +33 1 78 15 05 41
Marième DIOP
+33 1 78 15 05 40
2 I
2017 Half Year Results
michel.gedeon@nexans.com marieme.diop@nexans.com
Key Take-aways
Organic growth driven by
