Nexans reported Q3 revenues and again adjusted lower its FY18 guidance. Nexans reported Q3 revenues of €1,613m (versus €1,544m in Q3 17), corresponding to +1.9% organic growth. Excluding the High Voltage & Projects segment (-16% yoy), the organic growth figure for cable sales was +6.1%. Due to persistently high commodity prices, Nexans expects the FY18 operating income to reach around €185m, corresponding to an EBITDA of around €325m (versus €350m initially foreca
09 Nov 2018
Another warning on FY18 margins offsets some positive on the top line
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Another warning on FY18 margins offsets some positive on the top line
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
09 Nov 2018 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported Q3 revenues and again adjusted lower its FY18 guidance. Nexans reported Q3 revenues of €1,613m (versus €1,544m in Q3 17), corresponding to +1.9% organic growth. Excluding the High Voltage & Projects segment (-16% yoy), the organic growth figure for cable sales was +6.1%. Due to persistently high commodity prices, Nexans expects the FY18 operating income to reach around €185m, corresponding to an EBITDA of around €325m (versus €350m initially foreca