Business Wednesday, Jul 29

Operator

Welcome to the Nexans Half Year 2026 Earnings Call. [Operator Instructions] Now I will hand the conference over to the speakers, Julien Hueber, CEO; and Vincent Piquet, CFO. Please go ahead.

Julien Hueber
Chief Executive Officer

Good morning, everyone, and thank you for joining us today for Nexans’ First Half 2026 Results Call. I’m here today with Vincent Piquet, our CFO, and together, we’ll take you through our H1 2026 performance. As usual, our disclaimer noting that this presentation contains forward-looking statements subject to the usual risks and uncertainties.

Slide 3. So let me show you through the key highlights of our first half 2026 performance. Nexans delivered once again its strategy of profitable growth and further increased its exposure to the U.S. market. Starting with group performance. Standard sales reached EUR 3.2 billion, up by 1.5% organically, driven by a strong Electrification performance with organic growth up by 4.5%, more than offsetting the expected decline in other activities linked to metallurgy.

The group delivered a solid adjusted EBITDA amounting by EUR 388 million, representing a healthy margin of 11.9% of standard sales, also driven by our Electrification business, which delivered a robust adjusted EBITDA margin of 13.2%. Let me highlight once again that this is a high level of margin supported by our positioning as a Pure Player

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