Nexans reported H1 16 results. Main facts: Revenues came in at €2,951m in H1 16, a 9.8% reported decrease but corresponding to 0.2% organic volume growth. The operating margin reached €135m, corresponding to a 5.9% of sales (versus 4.0% last year), above market expectations. The company is back to net profitability at €30m versus a €58m loss last year. Net debt stood at €373m, down 30% over the last 12 months. The company gave no guidance for FY16 but remains confiden
29 Jul 2016
Strong execution in a challenging environment
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Strong execution in a challenging environment
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
29 Jul 2016 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported H1 16 results. Main facts: Revenues came in at €2,951m in H1 16, a 9.8% reported decrease but corresponding to 0.2% organic volume growth. The operating margin reached €135m, corresponding to a 5.9% of sales (versus 4.0% last year), above market expectations. The company is back to net profitability at €30m versus a €58m loss last year. Net debt stood at €373m, down 30% over the last 12 months. The company gave no guidance for FY16 but remains confiden