Nexans reported Q117 revenue of €1137m at constant metal prices, representing +1.2% organic growth and +5.5% sequentially.
Sales generated by submarine projects were up by 32% yoy following production start-ups for 2 major projects (Nordlink and Beatrice) while, at the other end, revenue from industrial cables to the O&G sector were down by 38.7%. Telecom infrastructure cable revenue jumped by 22% while LAN decreased by 11.8% due to an unfavourable comparison basis. In the other cables business ....
03 May 2017
2017 margin improvement now looks fairly secure
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2017 margin improvement now looks fairly secure
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
03 May 2017 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported Q117 revenue of €1137m at constant metal prices, representing +1.2% organic growth and +5.5% sequentially.
Sales generated by submarine projects were up by 32% yoy following production start-ups for 2 major projects (Nordlink and Beatrice) while, at the other end, revenue from industrial cables to the O&G sector were down by 38.7%. Telecom infrastructure cable revenue jumped by 22% while LAN decreased by 11.8% due to an unfavourable comparison basis. In the other cables business ....