Nexans reported its H1 18 results, which came as no surprise after the warning issued on 18 June. The company’s margin posted a yoy decline amid project phasing issues in HV projects and cost pressure in the LAN Telecom business. However, this looks like a phase in the transition which will not necessary put the mid-term targets in question. The company has a new CEO, adding some visibility.
31 Jul 2018
Is the worst behind?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Is the worst behind?
Nexans SA (NEX:PAR) | 0 0 0.3% | Mkt Cap: 1,953m
- Published:
31 Jul 2018 -
Author:
Lionel Pellicer -
Pages:
3
Nexans reported its H1 18 results, which came as no surprise after the warning issued on 18 June. The company’s margin posted a yoy decline amid project phasing issues in HV projects and cost pressure in the LAN Telecom business. However, this looks like a phase in the transition which will not necessary put the mid-term targets in question. The company has a new CEO, adding some visibility.