PRESS RELEASE
FIRST HALF 2018 RESULTS
"
Sales down -1.6% organically1 at 3.28 billion euros in first half 2018, with
+14.0% quarter-on-quarter organic growth in the second quarter
"
Cable and wire activities up +2.7% (up +3.7% excluding Oil & Gas 2
activities); High Voltage & Projects activities down -19.6% organically
"
EBITDA 3 of 153 million euros (versus 211 million euros in first half 2017)
including a -9 million euro negative currency effect
"
Net income attributable to owners of the parent company of 40 million euros, including -20 million euros of restructuring costs and approximately +20 million euros of net non-recurring items (including real estate capital gains and asset impairment losses)
"
Consolidated net debt of 534 million euros at June 30, 2018, up
111 million euros year on year, reflecting the impact of restructuring payments (-58 million euros), equity transactions (-52 million euros),
acquisitions
(-25 million euros)
and asset disposals
(ca.
+50 million euros). Year-on-year improvement in working capital, from
14.2% to 13.2% of sales
"
Appointment of Christopher Guérin as Chief Executive Officer on
July 3, 2018
Paris La Défense, July 26, 2018 Today, Nexans is issuing its financial statements for the six months ended June 30, 2018, as approved by the Board of Directors at its meeting chaired by Georges Chodron de Courcel on July 25, 2018.
Consolidated sales for the six months ended June 30, 2018 came to
3,282 million euros, compared to 3,206 million euros for the same period of 2017. At constant metal prices 4, first half 2018 sales amounted to 2,201 million euros,
