'Decent start to the year': Nexans rises on Q1 results

Nexans SA

28/04/2026 08:31

** Shares in French cable manufacturer Nexans NEXS.PA rise 4.5% after the group posted Q1 results

** Jefferies says results were a "decent start to the year... although diluted at group level by metallurgy that should improve into H2"

** Group posted Q1 revenues of 1.497 billion euros($1.75 billion)

** "Some countries continue to show signs of recovery, while high margin Nordic region remains subdued," adds Jefferies

** "The key highlight today is the acquisition of Republic Wire in the US for a total EV of €680mn, its largest since the 2007 acquisition of Madeco cable business," adds J.P. Morgan

** Including today's rise the stock has gained 13.67% YTD

($1 = 0.8550 euros)

 (Reporting by Dimitri Rhodes in Gdansk)

 ((dimitri.rhodes@thomsonreuters.com))