Nexans reported its Q3 16 sales figures: Q3 16 revenues reached €1,071m at constant metal prices, representing an organic decrease of 3.3% yoy. For the first 9M16, revenues were down 0.9% on an organic basis. After a good start to the year, general demand in Europe showed signs of weakening for both cables for the building sector and cables for energy operators. The slowdown observed in Europe during Q3 16 leads to an expectation of rather flat organic sales in 2016. The company remains
04 Nov 2016
A mixed Q3, but recovery story on track
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A mixed Q3, but recovery story on track
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
04 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported its Q3 16 sales figures: Q3 16 revenues reached €1,071m at constant metal prices, representing an organic decrease of 3.3% yoy. For the first 9M16, revenues were down 0.9% on an organic basis. After a good start to the year, general demand in Europe showed signs of weakening for both cables for the building sector and cables for energy operators. The slowdown observed in Europe during Q3 16 leads to an expectation of rather flat organic sales in 2016. The company remains