Nexans Q3 sales rise on grid, data-centre demand; confirms outlook (updated)

Nexans SA

Today 06:27

Adds context in paragraph 2,5 units in paragraph 4, M&A  in paragraph 6
Oct 22 (Reuters) - French energy infrastructure company Nexans NEXS.PA reported a 21.4% rise in third-quarter sales on Thursday, boosted by strong demand for electrical infrastructure serving power grids and AI-driven data centres.
 Sales rose to €1.70 billion ($1.91 billion) in the July-September period, with the company's electrification businesses accounting for €1.49 billion of revenue.
 Once primarily a cable manufacturer, Nexans has repositioned itself around electrification, spanning high-voltage transmission networks, power distribution grids and building connections.
 Its Connect business, which links electricity networks to end users, grew 36% to €749.8 million, helped by demand from U.S. hyperscale data centres and the recent acquisition of Republic Wire.
Nexans is seeking to benefit from the boom in AI-driven data center construction, supplying power cables and electrical infrastructure used in hyperscale facilities.
"M&A remains a key pillar of our strategy and we nurture a rich pipeline of opportunities worldwide," CEO Julien Hueber said in a statement.
Nexans confirmed its 2026 guidance.
       ($1 = 0.8894 euros)

 (Reporting by Mathias de Rozario and Rihab Latrache in Gdansk; Editing by Matt Scuffham)
 ((mathias.derozario@thomsonreuters.com))