Nexans - 9M 2025, Powering the future with growth and strategic leadership transition

Core Insights - Nexans reported strong financial performance for the first nine months of 2025, with organic growth of +5.8% driven by robust Electrification businesses, which grew +9.4% organically [1][5][8] - The company announced the acquisition of Electro Cables in Canada, enhancing its position in the Electrification market and expected to create significant value [3][20][21] - Full-year 2025 guidance was reiterated, with adjusted EBITDA expected between €810 million and €860 million and free cash flow between €275 million and €375 million [5][18] Financial Performance - Standard sales for the first nine months of 2025 reached €5,331 million, up +5.8% organically year-on-year [5][7] - Electrification segment sales amounted to €3,841 million, reflecting a +9.4% organic growth compared to €3,351 million in the same period last year [4][6] - PWR-Transmission segment saw a significant increase in sales, reaching €1,115 million, up +25.3% organically [9][11] Segment Analysis - PWR-Grid recorded sales of €989 million, up +6.7% organically, with a solid trajectory in Q3 2025 showing +9.0% growth [11] - PWR-Connect segment sales were €1,737 million, reflecting a modest +1.4% organic growth, with signs of recovery in various regions [13][14] - Non-electrification segment experienced a decline, with sales of €868 million, down -6.0% organically [15] Acquisition and Strategic Moves - The acquisition of Electro Cables is expected to enhance Nexans' local supply chain efficiency and drive synergies through the rollout of its SHIFT program [20][21] - The company secured €250 million in financing from the European Investment Bank to support R&D and innovation projects [18] Future Outlook - Nexans confirmed its commitment to expanding its production capacity and enhancing its competitiveness in the Electrification sector [18] - The company aims to strengthen its leadership in Electrification and expand its value creation model [1][4]