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 Insights - Nexans reported a strong performance in H1 2025, achieving +4.9% organic growth, driven primarily by its Electrification businesses which grew by +7.8% organically [1][5][6] - The company achieved record adjusted EBITDA of €441 million, reflecting a +7.0% increase year-on-year, with an adjusted EBITDA margin of 11.7% [3][8][11] - Nexans successfully completed the divestment of Lynxeo and made a strategic acquisition of Cables RCT, enhancing its position in sustainable electrification [3][4][18] - The company upgraded its full-year 2025 guidance for adjusted EBITDA to between €810 million and €860 million, and free cash flow to between €275 million and €375 million [1][42] Financial Performance - H1 2025 standard sales reached €3.8 billion, with organic growth of +4.9% compared to H1 2024 [3][4] - Net income for H1 2025 was €374 million, significantly up from €176 million in H1 2024, largely due to net gains from asset disposals [14][15] - Free cash flow increased to €282 million in H1 2025 from €79 million in H1 2024, indicating strong cash generation capabilities [17][19] Segment Performance - The PWR-Transmission segment saw a remarkable organic growth of +21.7% in H1 2025, with adjusted EBITDA rising to €88 million [28][30] - PWR-Grid reported organic growth of +5.6% with adjusted EBITDA at €107 million, maintaining a high margin despite slight declines [32][34] - PWR-Connect achieved standard sales of €1.186 billion, with adjusted EBITDA increasing by +22.4% year-on-year [35][37] - The Non-Electrification segment experienced a decline of -5.2% in organic growth, reflecting challenges in the Automation and Rail markets [39] Strategic Initiatives - Nexans' strategic focus on sustainability was highlighted by its upgraded CDP score to A, reflecting its commitment to environmental leadership [22][23] - The company launched the ACT 2025 employee share ownership plan, achieving a participation rate of 46%, indicating strong employee engagement [27] - Nexans continues to prioritize M&A as a core part of its strategy, with net cash inflows from M&A activities amounting to €613 million in H1 2025 [18][19] Outlook - The company remains confident in its long-term growth trajectory, supported by a solid balance sheet and no leverage, with a leverage ratio of 0.06x [15][19] - Nexans is committed to executing its strategic roadmap and priorities, reaffirming its targets set during the 2024 Capital Markets Day [42]