Nexans slides on 'light' 2026 guidance, 'mixed' results

Nexans SA

19/02/2026 09:25

** Shares in Nexans NEXS.PA slide 5.6% after the French cable maker announced a "light" guidance for 2026 despite posting slightly higher than expected Q4 results

** Its 2026 adjusted EBITDA guidance - estimated in a range of 730-810 million euros ($861.47-955.88 million) - is a "touch light", brokerage Jefferies says in a note

     ** It also sees the set of Q4 results as "overall mixed"

** "Strong growth in Transmission and solid margin in Grids likely offset by the limited margin progress in Transmission and weak margins in Connect," broker adds

** Its Q4 revenues came in at 1.61 billion euros, 4% ahead of the 1.55 billion euros expected in a consensus cited by Jefferies

** Shares on track for their worst day since December 2025

($1 = 0.8474 euros)

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))