H1 15 sales reached €2,383bn, corresponding to a 0.8% organic decrease, due to a weak Q2 hampered by ongoing difficult market conditions in Brazil and Australia as well as in the Oil & Gas and Mining sector. •.The Industry division reported organic growth of 2.5%. •.The Distributors & Installers division recorded a 4.8% organic sales decrease. • The Transmission, Distribution & Operators division's sales increased by 1%. The operating margin was up 23% year on
29 Jul 2015
Margins held firm in H1 despite several headwinds
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Margins held firm in H1 despite several headwinds
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
29 Jul 2015 -
Author:
Lionel Pellicer -
Pages:
2
H1 15 sales reached €2,383bn, corresponding to a 0.8% organic decrease, due to a weak Q2 hampered by ongoing difficult market conditions in Brazil and Australia as well as in the Oil & Gas and Mining sector. •.The Industry division reported organic growth of 2.5%. •.The Distributors & Installers division recorded a 4.8% organic sales decrease. • The Transmission, Distribution & Operators division's sales increased by 1%. The operating margin was up 23% year on