Nexans in the Pivotal Point Check: Cable Specialist Raises Annual Outlook After Takeover of La Triveneta Cavi - EBITDA now Expected to Reach €750-800 million!
Nexans is a leading company in the development and production of cable systems and related services. The cable specialist is benefiting from lively market demand driven by global megatrends such as solar energy. The global transition to renewable energy sources and the rise of AI are leading to increased demand for cable infrastructure. Nexans is a leading company in the development and manufacture of cable systems and related services. The industrial cable specialist raised its annual outlook on Wednesday, July 24, 2024. The company...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
Already registered? Log In
At an event, Tesla CEO Elon Musk explained his thoughts on the future of the electric car manufacturer and the influence of AI. Investors and Teslafans...
At Adobe MAX, the world's largest creative trade show, held from October 10 to October 12, the leading image-editing software provider unveiled new models...
array (
'ID' => '4601',
'post_author' =>
array (
'ID' => '3',
'user_url' => '',
'display_name' => 'Chiara Ferrario',
'user_registered' => '2023-09-12 13:13:33',
'nickname' => 'ChiaraFerrario',
'first_name' => 'Chiara',
'last_name' => 'Ferrario',
'description' => '',
'description_en' => '',
'description_es' => '',
'description_fr' => '',
'description_it' => '',
'freelancer' => '0',
'passive' => '0',
'twitter_link' => '',
'profile_image' => '',
'name' => 'Chiara Ferrario',
'name_short' => 'C. Ferrario',
'slug' => 'chiara-ferrario',
),
'post_date' => '2024-07-25 15:47:03',
'post_date_gmt' => '2024-07-25 13:47:03',
'post_content' => '
- Nexans is a leading company in the development and production of cable systems and related services.
- The cable specialist is benefiting from lively market demand driven by global megatrends such as solar energy.
- The global transition to renewable energy sources and the rise of AI are leading to increased demand for cable infrastructure.
Nexans is a leading company in the development and manufacture of cable systems and related services. The industrial cable specialist raised its annual outlook on Wednesday, July 24, 2024. The company referred to the good performance in the First half of the year and the effects of the integration of the Italian group La Triveneta Cavi. The French group now expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €750-800 million in the 2024 financial year. Previously, a range of €670-730 million was targeted.
With La Triveneta Cavi, Nexans has secured one of the most important companies in the European market for the production of medium-voltage cables. The cables are indispensable for industry, the residential sector and energy distribution. A good investment policy in research and production processes ensures a constant improvement in quality standards and an increasingly complete range of electrical cables.
The fact that Nexans is playing a decisive role in the electrification of the future was demonstrated at the Intersolar in Munich. In June, Nexans presented a completely new range of power cables for photovoltaic systems. The new ENERGYFLEX cables for connecting solar modules and inverters differ from the cables already available on the market thanks to their advanced technical specifications. Increased fire safety limits the spread of flames to 1.5 meters, whereas a standard cable burns completely. The strictest requirements for water resistance are also met, which increases the longevity of floating solar systems. The reliability of the products is underlined by the 30-year warranty offered.
Nexans has a market capitalization of €5.00 billion. Analysts expect revenues of €8.17 billion in 2024. This is expected to increase to €8.98 billion by 2026. Earnings per share are expected to reach €7.44 in the 2024 financial year. €9.52 per share is then expected in 2026. The forward P/E 2026 ratio is 12. As the world continues to drive electrification, Nexans is well positioned to benefit from buoyant market demand supported by global megatrends. The shift to renewable energy sources such as solar and wind power plants, as well as the rise of AI, is leading to increased demand for cable infrastructure. Nexans\' innovative solutions are a popular choice for cabling data centers and other data-intensive applications.
',
'post_title' => 'Nexans in the Pivotal Point Check: Cable Specialist Raises Annual Outlook After Takeover of La Triveneta Cavi - EBITDA now Expected to Reach €750-800 million!',
'post_excerpt' => '',
'post_status' => 'publish',
'comment_status' => 'open',
'ping_status' => 'open',
'post_password' => '',
'post_name' => 'nexans-in-the-pivotal-point-check-cable-specialist-raises-annual-outlook-after-takeover-of-la-triveneta-cavi-ebitda-now-expected-to-reach-750-to-800-million-euros',
'to_ping' => '',
'pinged' => '',
'post_modified' => '2024-07-25 15:47:03',
'post_modified_gmt' => '2024-07-25 13:47:03',
'post_content_filtered' => '',
'post_parent' => '0',
'guid' => 'https://tradertimes.com/wordpress/?p=4601',
'menu_order' => '0',
'post_type' => 'post',
'post_mime_type' => '',
'comment_count' => '0',
'_encloseme' => '1',
'_pingme' => '1',
'magazine' =>
array (
'ID' => '4607',
'post_title' => 'The Trader Times #139 dated July 25, 2024',
'post_content' => '',
'post_date' => '2024-07-25 15:46:21',
'post_type' => 'tradertimes',
'post_mime_type' => '',
'post_parent' => '0',
),
'seo_description' => '',
'seo_image' => '',
'seo_title' => '',
'teaser' => '',
'category' =>
array (
9 =>
array (
'term_id' => '9',
'term_taxonomy_id' => '9',
'name' => 'Top Stories',
'slug' => 'top-stories',
'description' => '',
'parent' => '0',
'lang_term_taxonomy_id' => '8',
'lang_term_id' => '8',
'lang_name' => 'English',
'lang_slug' => 'en',
'translations' =>
array (
'de' => 1,
'en' => 9,
'es' => 13,
'fr' => 17,
'it' => 21,
),
'seo_title' => '',
'seo_description' => '',
'seo_image' => '',
'sub_ids' =>
array (
0 => 9,
),
'link' => '/top-stories/',
),
),
'link' => '/top-stories/nexans-in-the-pivotal-point-check-cable-specialist-raises-annual-outlook-after-takeover-of-la-triveneta-cavi-ebitda-now-expected-to-reach-750-to-800-million-euros-4601.html',
'image' =>
array (
'ID' => '4600',
'post_title' => 'Nexans-topstory',
'post_content' => '',
'post_date' => '2024-07-25 11:39:29',
'post_type' => 'attachment',
'post_mime_type' => 'image/jpeg',
'post_parent' => '4599',
'src' => 'https://tradertimes.com/files/2024/07/Nexans-topstory.jpg',
'width' => 1400,
'height' => 800,
'sizes' =>
array (
'thumbnail' =>
array (
'file' => 'https://tradertimes.com/files/2024/07/Nexans-topstory-150x150.jpg',
'width' => 150,
'height' => 150,
'mime-type' => 'image/jpeg',
'filesize' => 6808,
),
'teaser' =>
array (
'file' => 'https://tradertimes.com/files/2024/07/Nexans-topstory-632x280.jpg',
'width' => 632,
'height' => 280,
'mime-type' => 'image/jpeg',
'filesize' => 33600,
),
'content' =>
array (
'file' => 'https://tradertimes.com/files/2024/07/Nexans-topstory-1296x800.jpg',
'width' => 1296,
'height' => 800,
'mime-type' => 'image/jpeg',
'filesize' => 139161,
),
'fb' =>
array (
'file' => 'https://tradertimes.com/files/2024/07/Nexans-topstory-1200x628.jpg',
'width' => 1200,
'height' => 628,
'mime-type' => 'image/jpeg',
'filesize' => 99963,
'cpt_last_cropping_data' =>
array (
'x' => 0,
'y' => 0,
'x2' => 1400,
'y2' => 733,
'original_width' => 1400,
'original_height' => 800,
),
),
),
),
'translations' =>
array (
'de' =>
array (
'post_title' => 'Nexans im Pivotal-Point-Check: Kabelspezialist erhöht Jahresausblick nach Übernahme von La Triveneta Cavi - EBITDA soll jetzt 750 bis 800 Mio. Euro erreichen!',
'post_name' => '',
'ID' => '4599',
'post_type' => 'post',
'link' => '/de/top-storys/-4599.html',
),
'en' =>
array (
'post_title' => 'Nexans in the Pivotal Point Check: Cable Specialist Raises Annual Outlook After Takeover of La Triveneta Cavi - EBITDA now Expected to Reach €750-800 million!',
'post_name' => 'nexans-in-the-pivotal-point-check-cable-specialist-raises-annual-outlook-after-takeover-of-la-triveneta-cavi-ebitda-now-expected-to-reach-750-to-800-million-euros',
'ID' => '4601',
'post_type' => 'post',
'link' => '/top-stories/nexans-in-the-pivotal-point-check-cable-specialist-raises-annual-outlook-after-takeover-of-la-triveneta-cavi-ebitda-now-expected-to-reach-750-to-800-million-euros-4601.html',
),
'es' =>
array (
'post_title' => 'Nexans en los Pivot Points: El especialista del cable aumenta sus perspectivas anuales tras la adquisición de La Triveneta Cavi - ¡ahora se espera que el EBITDA alcance entre 750 y 800 millones de euros!',
'post_name' => 'nexans-en-los-pivot-points-el-especialista-del-cable-aumenta-sus-perspectivas-anuales-tras-la-adquisicin-de-la-triveneta-cavi-ahora-se-espera-que-el-ebitda-alcance-entre-750-y-800-millones-de-euros',
'ID' => '4602',
'post_type' => 'post',
'link' => '/es/noticias-principales/nexans-en-los-pivot-points-el-especialista-del-cable-aumenta-sus-perspectivas-anuales-tras-la-adquisicin-de-la-triveneta-cavi-ahora-se-espera-que-el-ebitda-alcance-entre-750-y-800-millones-de-euros-4602.html',
),
),
)
