Nexans jumps on H2 rev, EBITDA beat, 2025 outlook

Nexans SA

19/02/2025 09:54

** Nexans  NEXS.PA  jumps 7.9%; set for best day since July
2024
    ** French cable maker's H2 rev and EBITDA beat expectations
by 2% and 9%, respectively
    ** Co targets 2025 adjusted EBITDA between 770 million euro 
($803.88 million) and 850 mln
    ** Jefferies calls 2025 guidance "decent"
    ** Says co's H2 rev and EBITDA ahead of estimates, driven by
better-than-expected performance in connect, industry and
transmission divisions
    ** J.P.Morgan says co's 2025 adj. EBITDA mid-point target
(810 mln euros) ahead of JPM's and consensus estimates (EUR 803
mln and EUR 804 mln respectively)
    ** Before bell, JPM expected NEXS to outperform, helped by
headline beat and guidance-supporting consensus

($1 = 0.9579 euros)

 (Reporting by Clement Martinot)
 ((Clement.Martinot@thomsonreuters.com;))