Main facts Organic sales were down by 1.5% to €1,433m (versus €1,601m for Q1 15) but corresponding to 2.4% organic growth compared with Q4 15. Robust growth in Q1 16 for Automotive harnesses and LAN cables & systems, offsetting the continued deterioration in the oil and mining sectors. Sales for the submarine high-voltage business were down 14% as expected, due to the effect of project timings. Start of a recovery in sales of medium- and low-voltage distribution cables to Europe
03 May 2016
A slow start to the year as expected
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A slow start to the year as expected
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
03 May 2016 -
Author:
Lionel Pellicer -
Pages:
2
Main facts Organic sales were down by 1.5% to €1,433m (versus €1,601m for Q1 15) but corresponding to 2.4% organic growth compared with Q4 15. Robust growth in Q1 16 for Automotive harnesses and LAN cables & systems, offsetting the continued deterioration in the oil and mining sectors. Sales for the submarine high-voltage business were down 14% as expected, due to the effect of project timings. Start of a recovery in sales of medium- and low-voltage distribution cables to Europe