PRESS RELEASE
2019 THIRD QUARTER FINANCIAL INFORMATION
NEW NEXANS PLAN IN LINE
2019 OUTLOOK CONFIRMED
COMMITTED TO THE ENERGY TRANSITION
" New Nexans plan roll out in line with expectations
" Sales of 1,168 million euros1 for third-quarter 2019, representing organic growth2 of +5.1% compared with third-quarter 2018
"
EBITDA3 outlook for 2019 confirmed at between 360 and 390 million euros
(excluding IFRS 16 impacts)
~~~
"
Committed to the energy transition, Nexans appointed by SSE as the preferred power export cable supplier for the Seagreen offshore wind farm project
Paris La Défense, November 7, 2019 Today, Nexans announced its sales figures for the third quarter of 2019.
Commenting on the Group's
Chief Executive Officer, said:
performance,
Christopher
Guérin,
Nexans'
Nexans' change is moving ahead as expected and has begun to bear fruit. It is a carefully controlled process supported by a new organizational structure that is more fluid, more agile, and more straightforward, and in which all activities are now focused on developing services and solutions to capture new markets while adding more value than just volume.
We have reinforced our offer to build strong positions in the renewable energies sector,
and our appointment by SSE as a preferred supplier for the Seagreen project confirms the relevance of our approach.
Despite an uncertain geopolitical environment, we are committed to delivering a solid and sustained performance, and confirm our 2019 outlook.
1
The third-quarter 2019 sales figure used for like-for-like comparisons corresponds to sales at constant non-ferrous metal prices adjusted for the effects of exchange rates and changes in the scope of consolidation. Exchange rates and changes in the scope of consolidation impacted sales at constant non-ferrous metal prices by +6 million euros and -2 million euros respectively.
