Posted by: Windfair Editors
Nexans Publishes 2020 First Half Results
Official Press Release Nexans:
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
