Nexans lifts 2026 core profit goal on strong electrification business, M&A boost
29/07/2026 06:00
Nexans lifts 2026 core profit goal on strong electrification business, M&A boost July 29 (Reuters) - French cable maker Nexans NEXS.PA raised its full-year core profit target on Wednesday, driven by better-than-expected performance in its electrification business and acquisitions strengthening its position in North America.
It expects adjusted earnings before interest, taxes, depreciation and amortization to come between €770 million and €840 million ($878 million and $958 million), instead of the previously expected range of €730 million to €810 million.
($1 = €0.8771)
(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
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