France's Nexans H1 revenue rises, lifts 2026 outlook

Nexans SA

29/07/2026 06:13

Overview
France cable systems maker's H1 2026 revenue rose year-on-year, driven by acquisitions
Adjusted EBITDA grew 4.3% year-on-year, margin slipped to 11.9% of standard sales
Company raised full-year 2026 guidance for adjusted EBITDA and free cash flow

Outlook
Nexans raises 2026 adjusted EBITDA guidance to €770–840 mln from €730–810 mln
Company lifts 2026 free cash flow forecast to €235–325 mln from €210–310 mln
Guidance excludes Great Sea Interconnector project and any future acquisitions in 2026

Result Drivers
ACQUISITIONS - Revenue growth driven by contributions from Republic Wire, Cables RCT, and Electro Cables acquisitions
ELECTRIFICATION SEGMENT - Strong organic growth in Electrification businesses, especially PWR-Connect and PWR-Grid, offset by normalization in PWR-Transmission
MIX EFFECTS AND MARGIN PRESSURE - Margins affected by adverse mix in PWR-Connect due to Nordic market constraints and La Triveneta Cavi integration

Company press release: ID:nGNE7bYWGq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Current Sales
 
EUR 4.74 bln
 
H1 Net Income
 
EUR 105.9 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Nexans SA is €164.50, about 32.6% above its July 28 closing price of €124.10
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
July 29 - Nexans lifts 2026 core profit goal on strong electrification business, M&A boost
July 27 - France's Rexel H1 sales rise, EBITA margin improves on volume and price gains
July 28 - Hubbell Q2 results beat estimates; raises annual profit forecast

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)