Organic sales growth was 6.7% in Q3 17, led by submarine high-voltage operations coupled with stable sales for non-project-related business (up 0.6% year on year). High-voltage operations posted a sharp increase, with overall sales climbing 40% yoy on an organic basis (35% for the first nine months of 2017) and sales of submarine cables surging 63% (46% for the first nine months). Sales for non-project-related business – which contracted by 3% in H1 17 – stabilised in Q3, edging u
08 Nov 2017
A strong Q3 that bodes well for H2 margins
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A strong Q3 that bodes well for H2 margins
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
08 Nov 2017 -
Author:
Lionel Pellicer -
Pages:
3
Organic sales growth was 6.7% in Q3 17, led by submarine high-voltage operations coupled with stable sales for non-project-related business (up 0.6% year on year). High-voltage operations posted a sharp increase, with overall sales climbing 40% yoy on an organic basis (35% for the first nine months of 2017) and sales of submarine cables surging 63% (46% for the first nine months). Sales for non-project-related business – which contracted by 3% in H1 17 – stabilised in Q3, edging u