Nexans reported a solid H1 17 Organic sales growth of 2.4% driven by a strong increase in submarine high-voltage operations (c. 40%) and despite the sharp decline in the Oil & Gas sector activities. •Operating margin of €140m, slightly above H1 16 (€135m) but up 36% on the second half of 2016 (€107m). • Net income reached €92m versus €29m in H1 16 and the net debt was €423m (versus €373m at 30 June 2016). The CEO is confident for 2017: “o
27 Jul 2017
Acceleration in HV submarine begin to bear fruit
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Acceleration in HV submarine begin to bear fruit
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
27 Jul 2017 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported a solid H1 17 Organic sales growth of 2.4% driven by a strong increase in submarine high-voltage operations (c. 40%) and despite the sharp decline in the Oil & Gas sector activities. •Operating margin of €140m, slightly above H1 16 (€135m) but up 36% on the second half of 2016 (€107m). • Net income reached €92m versus €29m in H1 16 and the net debt was €423m (versus €373m at 30 June 2016). The CEO is confident for 2017: “o