2020 02 20 Pr Nexans Fy 2019

Extrait du fichier (au format texte) :

PRESS RELEASE

2019 FINANCIAL INFORMATION

2019 STRATEGIC OBJECTIVES REACHED
NEW NEXANS  PLAN ON TRACK
EBITDA AT 4131 MILLION EUROS
RECORD BACKLOG IN ENERGY TRANSITION
" 2019 New Nexans plan strategic objectives met:
o EBITDA increased to 4131 million euros (384 million euros excluding
IFRS 16) from 325 million euros in 2018, up +18% on comparable basis

"
"
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o Higher-than-expected free cash flow of 251 million euros o Return on Capital Employed (ROCE) at 11.1%2
Net loss of 118 million euros impacted by 201 million euros New Nexans plan reorganization costs
Historical frame agreement with Eversource and Ørsted for the development of offshore windfarms in North America until 2027
Proposed dividend of 0.40 euro per share
~~~
2020 EBITDA outlook between 440 and 460 million euros

Paris La Défense, February 20, 2020  Today, Nexans published its financial statements for the year ended December 31, 2019, as approved by the Board of
Directors at its February 19, 2020 meeting chaired by Jean Mouton.
Commenting on the Group's 2019 results, Christopher Guérin, Nexans'
Chief Executive Officer, said: Our 2019 results are in line with 2021 value creation objectives. New Nexans strategic plan reaches first successes. We are on track, with the right governance structure, an agile organization and the right business scope,
focused on key markets and renewable energies. We are actively committed to fighting global warming and aiming carbon neutrality by 2030.
Innovation and enhanced services and solutions enabled us to win major contracts in the subsea High-Voltage sector, including a historical frame agreement with
Eversource and Ørsted for the development of offshore windfarms in North America until 2027, in line with the Group engagement on renewable energies.
Our SHIFT transformation program, focused on creating value rather than seeking pure volumes, enabled us to generate cash in less than eight months. We commence
2020 confident, with solid fundamentals and a record backlog.
In a current uncertain environment, notably regarding COVID-19, our first priority is to protect our employees, while remaining focused on risk management. We have implemented real time information and monitoring systems and, as of today, no impacts on operations have been identified.
Thanks to our solid industrial plan, to our vision with the New Nexans plan and the talent and engagement of our 26,000 employees, to their commitment and their creative and innovative skills, we have set Nexans on the path to long-lasting strategic,

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