During its Capital Markets Day, Nexans reported ambitious 2022 targets that imply EBITDA margins will grow twice as much as the pace of revenue growth, confirming the expansion margin story. At the same time, the mid-term plan looks rather on the offensive side, as the company aims to acquire €1.5-2bn in revenue coupled with organic capex. We also appreciate the ROCE target of a minimum 15% which should boost value creation.
14 Dec 2017
A strategic plan turning to growth
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A strategic plan turning to growth
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
14 Dec 2017 -
Author:
Lionel Pellicer -
Pages:
3
During its Capital Markets Day, Nexans reported ambitious 2022 targets that imply EBITDA margins will grow twice as much as the pace of revenue growth, confirming the expansion margin story. At the same time, the mid-term plan looks rather on the offensive side, as the company aims to acquire €1.5-2bn in revenue coupled with organic capex. We also appreciate the ROCE target of a minimum 15% which should boost value creation.