2020-10-01
http://w3.windfair.us/wind-energy/news/35120-nexans-first-half-2020-results-strategy-performance-crisis-mode-cables-ebitda-covid-19-impact-corona

Nexans Publishes 2020 First Half Results

Image: NexansImage: Nexans
Despite a challenging environment, Nexans delivered a robust performance

Official Press Release Nexans:

2020 First Half Results: Robust performance in challenging environment, engaged global team, “walking the talk” on Nexans strategy

Wind Industry Profile of
2020 First Half Results: Robust performance in challenging environment, engaged global team, “walking the talk” on Nexans strategy

Swiftly deployed Crisis Mode to protect employee’s health & safety, while delivering Production Continuity Record Free Cash Flow enhanced by tight working capital management / Robust performance reflecting superior execution, team engagement and customer satisfaction Transformation accelerated and reinforced / Paving the way for a stronger New Nexans – non-core asset disposal agreement

In the First Half 2020, Sound standard Sales[1] of 2,895 million euros, down by -9.8% organic growth[2] in challenging times Robust EBITDA of 162 million euros[3] reflecting accelerated efforts on transformation EBITDA rate of 5.6% in June 2020 against 6.0% in June 2019 EBITDA excluding estimated Covid-19 impact[4] lands at 226 million euros... ... More: Official Press Release Nexans

Keywords:
Nexans, first half, , 2020, results, strategy, performance, Crisis Mode, cables, EBITDA, Covid-19, impact, corona







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