Nexans gives 2028 outlook in push for electrification

Nexans SA

13/11/2024 06:59

Nov 13 (Reuters) - Nexans  NEXS.PA  unveiled a financial
guidance for 2028 ahead of its Capital Markets Day event on
Wednesday, as the French cable specialist shifts towards
electrification.
    The group expects to reach adjusted earnings before
interest, taxes, depreciation and amortization (EBITDA) of 1.15
billion euros ($1.22 billion) in 2028, give or take 75 million,
it said.
($1 = 0.9424 euros)

 (Reporting by Nathan Vifflin in Gdansk; editing by Milla Nissi)
 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))