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Nexans SA (NEXS.PA)

NEXS.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nexans announces placement of a bond issue in the amount of 200 million euros
Wednesday, 29 Mar 2017 12:31pm EDT 

Nexans SA : Announces successful placement of a bond issue in the amount of 200 million euros ($215.02 million), maturity April 5, 2024 . Yield to maturity is 2.75 pct and issue price is 100 pct of par value . Settlement is expected on April 5, 2017 .HSBC and Société Générale were global coordinators and joint bookrunners, BNP Paribas and BANCO SANTANDER were joint bookrunners.  Full Article

Nexans: FY net income at 61 million euros
Thursday, 9 Feb 2017 01:30am EST 

Nexans : 2016 operating margin up 24 pct year on year to 242 million euros ($258.41 million) despite a 1.2 pct organic decrease in sales volumes . Return to profit for the group, with 61 million euros in net income for the year versus a 194 million euros net loss in 2015 . Proposed dividend of 0.5 euro per share . Net debt stable at 211 million euros at December 31, 2016, despite an 86 million euro cash outflow for restructuring costs . FY sales 4.43 billion euros versus 4.60 billion euros year ago . FY operating profit 185 million euros versus loss of 66 million euros year ago ."We are embarking on 2017 confident in our ability to grow both our sales and operating margin" - CEO.  Full Article

Nexans secures new contract to supply LV cables in Qatar
Tuesday, 27 Dec 2016 02:30am EST 

Nexans SA :Ssecures around € 300 million ($313.23 million) contract to supply LV cables for infrastructure projects in Qatar through its QICC JV with Al Mirqab capital.  Full Article

Nexans integrates its russian activities into Impex Electro
Friday, 16 Dec 2016 02:30am EST 

Nexans : Nexans integrates its russian activities into its local partner Impex Electro .Nexans keeps its current minority shareholding in Impex Electro.  Full Article

DONG Energy chooses Nexans subsea cable to link Hornsea Project One offshore wind farm
Wednesday, 14 Dec 2016 05:16am EST 

Nexans : DONG chooses Nexans subsea cable to link Hornsea Project One offshore wind farm . DONG chooses Nexans to supply and terminate total of 139 km of three-phase subsea cable for first of three construction phases of Hornsea Project One wind farm .Supply and termination of Nexans cable will begin in spring 2018 and should be completed around a year later.  Full Article

Nexans Q3 sales (constant metal prices) down at 1.07‍​ billion euros
Friday, 4 Nov 2016 02:30am EDT 

Nexans : Q3 sales (constant metal prices) 1.07‍​ billion euros versus 1.12 billion euros year ago . Q3 sales (current metal prices) ‍​1.40 billion euros versus 1.52 billion euros year ago . Slowdown observed in Europe during the third quarter leads to an expectation of fairly stable full-year volumes . Q3 performance seems to indicate that overall organic sales for the full year will be rather flat, as in 2015 . "Group remains focused on implementing the strategic initiatives under way; confident they will significantly improve operating margin for 2016, 2017" .Increase in the order book during the summer secures a strong double-digit growth for project activities in 2017.  Full Article

Nexans and AMSC partner to market superconductor power cables
Monday, 29 Aug 2016 09:07am EDT 

Nexans SA :AMSC and Nexans announce a partnership to market and sell AMSC's resilient electric grid (REG) system, and other high performance superconductor power cables, in U.S. and Canada.  Full Article

Nexans H1 net result group share turns to profit of 30 mln euros
Thursday, 28 Jul 2016 01:30am EDT 

Nexans SA : H1 sales at current metal prices of 2.95 billion euros ($3.26 billion) versus 3.27 billion euros year ago . H1 sales at constant metal prices of 2.28 billion euros versus 2.38 billion euros year ago . H1 operating margin is 135 million euros versus 95 million euros a year ago . H1 EBITDA is 203 million euros versus 167 million euros a year ago . H1 net income group share 30 million euros versus loss of 58 million euros a year ago .Maintains confidence in the capacity of the group to deliver the expected results.  Full Article

Nexans wins umbilical contract in Australia
Monday, 25 Jul 2016 05:05am EDT 

Nexans : Will deliver an umbilical, 32 km in length combining power, signal and steel tubes as well as other services to Onesubsea and Woodside in Western Australia .The umbilical will be manufactured at Nexans' plants in Halden and Rognan, and will be delivered in January 2018.  Full Article

Nexans to connect Beatrice Offshore Windfarm to the Scottish grid
Tuesday, 24 May 2016 02:30am EDT 

Nexans : Beatrice Offshore Windfarm Ltd has chosen a consortium of Nexans and Siemens Transmission and Distribution Ltd to supply a transmission system to connect its new wind farm off the coast of Scotland to the grid .The contract with Nexans is worth about € 245 million ($274.60 million).  Full Article

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