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]

Core Viewpoint - Nexans has signed an agreement to acquire 100% of Electro Cables Inc., enhancing its position in the Canadian market and strengthening its portfolio in low-voltage cable solutions [1][3]. Company Overview - Electro Cables, founded in 1985 and based in Trenton, Ontario, specializes in low-voltage cables and is recognized for its expertise in high added value solutions [2]. - The company has approximately €125 million in sales for the last twelve months ending July 2025 and employs around 200 people, demonstrating strong growth and profitability [2]. Strategic Implications - The acquisition will allow Nexans to optimize local supply chain efficiency and create valuable synergies through its expanded presence in Canada [3]. - Nexans plans to leverage its proprietary SHIFT program to enhance innovation and operational efficiency post-acquisition [3]. Leadership Insights - Nexans' CEO, Julien Hueber, emphasized that the acquisition aligns with Nexans' strategy to become a leader in Electrification through high added value solutions, reinforcing the company's ambition [4]. - Electro Cables' CEO, Gord Davis, expressed confidence that the core values of service excellence and product quality will thrive under Nexans, enhancing customer relationships [4]. Transaction Details - The transaction is expected to close in the first half of 2026, pending Canadian regulatory approvals and other customary conditions [4].

Leadership Change - Nexans has appointed Julien Hueber as the new Chief Executive Officer, succeeding Christopher Guérin, effective immediately [1][2] - Christopher Guérin will remain available to support Julien Hueber until October 31, 2025 [1] Strategic Direction - The Board of Directors aims to create new momentum to optimize performance while executing the roadmap presented during the last Capital Market Day [2] - The succession process for the CEO role was comprehensive and aligned with the established succession plan, supported by a leading executive search firm [2] Julien Hueber's Background - Julien Hueber, 55, has been with Nexans since 2002 and is currently the Executive Managing Director of PWR Grid & Connect Europe, a business with €2.6 billion in revenue and 23 manufacturing plants [3] - He has extensive experience in supply chain and purchasing, with significant knowledge of the Asia-Pacific region, particularly China and South Korea [3] Board's Confidence - Jean Mouton, Chairman of the Board, expressed confidence in Julien Hueber's ability to lead Nexans, citing his strategic vision and operational excellence [4] - The Board believes Hueber's experience and leadership qualities make him the ideal candidate to drive the company's future strategy [4] Acknowledgment of Previous Leadership - The Board expressed deep gratitude to Christopher Guérin for his contributions over the past seven years, highlighting his role in transforming Nexans into a leader in sustainable electrification [5][6] - Guérin's leadership has restored confidence and pride within the Nexans team, leaving a lasting impact on the company [5][6] Company Overview - Nexans is a global leader in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [7][8] - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [8]

Core Insights - The 2025 Innovation Summit by Nexans highlighted the critical role of transmission infrastructure in the global electrification strategy, emphasizing that it is no longer a mere technical consideration but a strategic necessity [2][3]. Group 1: Event Overview - The Summit, themed "A New Era of Electrification," gathered leaders from various sectors to discuss modernizing transmission infrastructure to meet increasing electricity demand driven by AI and digital growth [2][4]. - Key discussions focused on how permitting reform, supply chain readiness, and digital innovation can transform the grid into a platform for long-term growth and resilience [4][7]. Group 2: Strategic Insights - Vincent Dessale from Nexans stated that electrification is advancing faster than current systems can accommodate, making the modernization of grids a strategic priority for shaping the future energy economy [3][7]. - The event underscored that transmission is now a determinant of investment returns, energy equity, and resilience, highlighting its importance in the energy landscape [7]. Group 3: Technological Advancements - Digitalization and grid-enhancing technologies, such as dynamic line rating and digital twins, are redefining transmission capacity management and optimization [7]. - The need for immediate action in cable manufacturing, workforce development, and permitting acceleration was identified as crucial for policymakers and investors [7]. Group 4: Collaborative Efforts - The Summit emphasized the importance of partnerships among utilities, regulators, manufacturers, and enterprise energy users to align infrastructure development with the growing demand for electricity [7].

Core Insights - Kinectrics has secured a multi-year contract from Sumitomo Electric Industries to provide commissioning testing services for the A-Nord German Corridor project, which is essential for integrating renewable energy into Germany's power grid [1][2][3] Group 1: Project Overview - The A-Nord project involves the construction of a 525kV DC underground cable system designed to transmit clean energy from the North Sea to North Rhine-Westphalia, with completion expected by 2030 [2] - The project aims to significantly reduce CO2 emissions in Germany by enhancing the integration of renewable energy sources into the national grid [2] Group 2: Company Roles and Responsibilities - Sumitomo Electric is the key technology partner responsible for the design, manufacturing, logistics, installation, and commissioning of approximately 300km of the cable route [3] - Kinectrics will conduct commissioning services, including ACHV commissioning testing on 40km sections of the cable route, utilizing up to 14 mobile Resonant Test Systems equipped with partial discharge measurement technology [3][4] Group 3: Kinectrics' Expertise - Kinectrics boasts the largest independently owned fleet of High Voltage Resonant Test Sets globally and has extensive experience in field partial discharge measurements, having completed testing on over 15,000 km of cables [4] - The company emphasizes the importance of early-stage testing to mitigate late-stage failures and ensure system integrity for commercial operation [5] Group 4: Company Background - Kinectrics is a division of BWX Technologies Inc. and is recognized as a leader in lifecycle management services for the electricity industry, employing over 1,300 experts [6] - Sumitomo Electric, established in 1897, has a long history of innovation across various sectors, including Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial materials [6]

Core Viewpoint - The European Investment Bank (EIB) has provided €250 million in financing to Nexans to support its research, development, and industrial investments from 2024 to 2029, aligning with EU sustainability and innovation goals [2][4][6]. Group 1: Financing Details - The financing consists of two contracts: a €190 million loan guaranteed under the InvestEU programme and a €60 million loan [2][6]. - The funding will enhance Nexans' research and development programs, cable production, and copper recycling capacities, promoting the circular economy [6][7]. Group 2: Strategic Importance - Nexans plays a crucial role in the energy transition, with its power cables essential for electrification and achieving EU decarbonisation targets [3][4]. - The financing supports the REPowerEU programme, which aims to strengthen the EU's energy autonomy [6]. Group 3: Future Projects - Nexans plans to construct a new factory in Lens by 2026, increasing copper wire production by over 50% and recycling up to 80,000 tonnes of copper annually [7]. - Additional investments will strengthen sites in Charleroi, Erembodegem, and Calais to support offshore wind and submarine interconnections [7]. - Capacity expansion at the Bourg-en-Bresse site will address growing electrification demand in France and Western Europe [7]. Group 4: Company Overview - Nexans is a global leader in sustainable electrification, providing advanced cable solutions and services for a low-carbon future [5][9]. - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [9].

Core Points - NKT A/S's Czech subsidiary, NKT s.r.o., has received a "Request Before the Issuing of a Decision" from the Antimonopoly Office of the Slovak Republic regarding an investigation into alleged anti-competitive practices in the Slovak cable market [1][2] - The investigation involves a local cable association and 11 cable manufacturers, including NKT s.r.o., with allegations of infringements of Slovak and EU competition rules [2] - NKT contests the findings and proposed fines from the Antimonopoly Office and plans to submit a reasoned defense, expecting a final decision within six to twelve months [3] - NKT s.r.o. is also under investigation by the Office for the Protection of Competition in the Czech Republic alongside five other cable manufacturers [4] - The company emphasizes its commitment to cooperate with authorities and uphold ethical business standards [4] - This announcement does not alter NKT's financial outlook for 2025 [5]

Core Viewpoint - The hybrid servo motor cable market is projected to grow from $100.95 million in 2024 to $170.15 million by 2031, with a CAGR of 7.70% from 2026 to 2031 [1][4]. Market Overview - The global hybrid servo motor cable market is dominated by major manufacturers such as Lynxeo (Former Nexans Part), LAPP Group, Igus, SAB Bröckskes, and Phoenix Contact, which collectively hold approximately 52% of the market share [4]. - The primary product type is PUR sheathed cables, accounting for about 46.1% of the market [6]. - The main demand source is industrial automation, which represents approximately 69.3% of the market [7]. Industry Trends - **Integration Trend**: The shift towards integrated wiring solutions combining power, feedback, and control signals is gaining traction due to the increasing complexity of traditional wiring methods. This integration simplifies installation and reduces cable usage, particularly in compact or frequently moving equipment like robotic arms and CNC machining centers [11]. - **Performance Indicators**: High flexibility and durability are becoming core performance indicators for hybrid servo cables. Manufacturers are adopting advanced materials to enhance cable longevity and adaptability to dynamic environments [12]. - **Customization Demand**: The diversification of application needs across various industries is driving the demand for customized cable solutions, leading manufacturers to offer tailored services and collaborate with OEMs [13]. - **Standardization and Global Integration**: The push for standardization in cable design is essential for meeting the requirements of international OEMs and system integrators, facilitating easier maintenance and reducing global delivery costs [14]. Current Status - Integrated wiring has become an industry standard, significantly improving space efficiency and installation time in industrial automation [15]. - Hybrid servo cables are widely used in dynamic industrial applications, particularly in sectors like automotive, packaging, semiconductor manufacturing, and material handling [16]. - The use of advanced materials such as tinned copper conductors and PUR sheathing is ensuring compliance with international safety and environmental standards [17]. Future Directions - The future of hybrid cables is leaning towards smart cable integration, potentially incorporating built-in sensors for predictive maintenance, which will be crucial in Industry 4.0 environments [18]. - The trend towards cross-brand standardization and modularity is evident, with manufacturers developing new products that integrate multiple functions into a single durable and flexible cable [19][20].

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 17 companies, including Wolong Nuclear Materials, regarding their overseas listing applications [1] - Wolong Nuclear Materials submitted its listing application to the Hong Kong Stock Exchange on June 16, 2025, with CITIC Construction Investment International and China Merchants Securities International as joint sponsors [1] - The CSRC has requested Wolong Nuclear Materials to clarify the specific use of raised funds and compliance with foreign investment policies [1] Group 2 - Wolong Nuclear Materials is a leading provider of high-speed data communication and alternative energy power transmission solutions, specializing in the manufacturing and sales of high-speed copper cables [1] - The company's high-speed copper cables have been certified for use in computation servers by several leading global AI companies, ensuring stable and high-quality signal transmission between different GPUs [2] - According to Frost & Sullivan, the company is the second largest high-speed copper cable manufacturer globally and the largest in China, with a global market share of 24.9% based on 2024 revenue [2]

Core Insights - Nexans clarifies that all cables manufactured for the Great Sea Interconnector project have been fully paid for, eliminating financial exposure in case of project adjustments [1] - The demand for Nexans' high-voltage direct current (HVDC) cable solutions is strong across various global projects, allowing for the potential redeployment of manufacturing capacity to other initiatives [2] Company Overview - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a connected, resilient, and low-carbon future [3] - The company has over 140 years of history and operates through three core businesses: PWR Transmission, PWR Grid, and PWR Connect, emphasizing innovation and industry expertise [4] - Nexans operates in 41 countries with a workforce of 28,500 and reported €7.1 billion in standard sales for 2024, with a commitment to achieving Net-Zero emissions by 2050 [5]