Nexans rises on 'strong' H1 results, guidance upgrade

Nexans SA

30/07/2025 08:27

** Shares in French cable maker Nexans NEXS.PA rise 3.2%, paring gains after rising as much as 6.2%, after the group posted a "strong set of H1 results," says Jefferies

** "Grids accelerating, and Metallurgy benefiting from US tariffs," says Jefferies

** "The key surprise is the extent of the guidance upgrade," says J.P. Morgan

** Broker says this indicates a strong H2 expectation

** Group now sees 2025 Adj EBITDA of 835 million euros  ($965.09 million) vs. 769 million euros previously

** JPM adds news of deputy CEO and CFO stepping down was also surprising, could weigh slightly on shares

** If gains hold, shares have risen 17.4% YTD

($1 = 0.8652 euros)

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))