Core Points - Nexans held its Annual Shareholders' Meeting on May 15, 2025, where all 27 resolutions proposed by the Board of Directors were approved [1][2] - The Board of Directors now consists of thirteen members, with 60% being Independent Directors and 54% being women [2] - Nexans reported standard sales of €7.1 billion in 2024 and is recognized as a leader in cable systems and services across four main business areas [3] - The company has committed to achieving Net-Zero emissions by 2050, aligning with the Science Based Targets initiative [3] - A dividend of €2.60 per share was approved, representing a 13% increase compared to the previous year, with payment scheduled for May 21, 2025 [6]

Core Insights - Nexans, in collaboration with Swissgrid, will install Switzerland's longest high-voltage underground line in the Saint-Gotthard Road tunnel, marking a significant advancement in electricity transmission along the north-south corridor of Switzerland [1][2][7] - The project involves an 18 km long 220 kV high-voltage line, which will replace the existing overhead line, and is set to be completed by 2030 [1][2] - The project is valued at approximately €50 million, representing the largest contract ever signed by Nexans Switzerland, highlighting the company's strong position in the Swiss market [3] Project Details - The preparatory phase for the project will take place from 2025 to 2028, with construction starting in 2028 and completion expected in 2030 [2][7] - Nexans will supply a total of 57 km of extra-high voltage cable, with manufacturing taking place in Charleroi, Belgium, and project engineering and installation handled in Cortaillod, Switzerland [2] - The project aims to leverage synergies with existing infrastructure, contributing to landscape preservation and efficient land use [2] Environmental Impact - Once operational, the new underground line will allow for the dismantling of overhead cables crossing the Gotthard Pass, reducing environmental and landscape impact in the area [4] - Four pylons near the summit will remain but will be reduced in size to continue supporting a high-voltage connection for Swiss Federal Railways (SBB) [4] Company Overview - Nexans has over a century of experience in electrification and is committed to sustainable and decarbonized electricity solutions, with a reported €7.1 billion in standard sales for 2024 [5] - The company operates in 41 countries and is recognized as a global leader in climate action, aiming for Net-Zero emissions by 2050 [5]

Core Insights - Nexans reported a strong start to 2025 with first-quarter organic growth of +4.1%, driven primarily by its electrification segment, which achieved +6.8% organic growth [2][6][9] - The company confirmed its 2025 guidance, projecting adjusted EBITDA between €770 million and €850 million and free cash flow between €225 million and €325 million [6][30][26] - Nexans is strategically divesting non-core assets, such as Lynxeo, to focus on electrification, enhancing its capability to deliver integrated solutions [3][13] Financial Performance - First-quarter 2025 standard sales reached €1,815.4 million, reflecting a +4.1% increase year-on-year [6][9] - The electrification businesses, including PWR-Transmission, PWR-Grid, and PWR-Connect, showed robust growth, with PWR-Transmission segment sales increasing by +21.7% [6][15][10] - The adjusted backlog for PWR-Transmission reached a record €8.1 billion, up +9.7% from the previous quarter [6][16] Strategic Developments - Nexans secured a major framework agreement valued at over €1 billion with RTE for the supply of HVDC cables to connect offshore wind farms to the French transmission network [6][14] - The integration of La Triveneta Cavi is progressing well, delivering expected synergies and enhancing the company's market position [12][6] - The company is actively pursuing targeted M&A opportunities aligned with its core mission to enhance sustainable long-term value [3][5] Market Position and Outlook - Despite global economic uncertainties, Nexans maintains confidence in its growth trajectory, supported by a strong backlog and strategic focus on electrification [7][5] - The company is well-positioned to capture growth opportunities, particularly with the upcoming operational launch of its third cable-laying vessel, Nexans Electra, expected in 2026 [17][6] - Nexans continues to strengthen its profile as a global electrification pure player, reinforcing its commitment to sustainable energy solutions [6][34]

_PRESS RELEASE_ Paris, April 29th, 2025 – Nexans, a global leader in the design and manufacturing of cable systems and services, specializing in the offshore wind market and subsea interconnectors, has been awarded a significant contract by Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector. This new high-voltage alternating current (HVAC) link will reinforce Malta's electricity system, ensuring a stable and resilient energy supply. The cables for this project will be produced at Nex ...

Core Points - Nexans has secured a major framework agreement with RTE to supply high-voltage cables for offshore wind farms in France, including 450 km of subsea cables and 280 km of onshore cables [1][7] - The agreement is valued at over €1 billion, contingent on final quantities and subcontractor appointments [2][7] - This agreement supports France's goal of achieving 45 GW of offshore wind capacity by 2050 [2][7] Company Overview - Nexans is a global leader in cable systems and services, with a commitment to electrifying the future and a workforce of approximately 28,500 people across 41 countries [5] - In 2024, Nexans generated €7.1 billion in standard sales and is recognized for its climate action initiatives, aiming for Net-Zero emissions by 2050 [5] - The company emphasizes its role in the energy transition and its investment in grid infrastructure to support renewable energy projects [3][4]