- First-quarter 2025 standard sales of €1,815.4 million, up +4.1% organically year-on-year:
- Electrification businesses were up +6.8% organically, with double digit organic growth in PWR-Transmission segment. PWR-Grid and PWR-Connect remained well-oriented
- Record adjusted backlog for PWR-Transmission, mainly subsea-driven, at €8.1 billion, up +9.7% compared to €7.4 billion at end of December 2024
- Major framework agreement, valued at more than €1 billion, was secured with RTE in March 2025 for the design, manufacturing, and supply of HVDC cables, which will be used to connect offshore wind farms to the French transmission network
- On April 29, 2025 Nexans has been awarded a contract by Interconnect Malta (ICM) to deliver high-voltage subsea cable for Malta’s second interconnector. The cables for this project will be produced at Nexans’ facility in Charleston, USA
- Global electrification pure player profile further strengthened
- Exclusive negotiations with Latour Capital for the sale of Lynxeo, closing expected in Q3 2025
- Integration of La Triveneta Cavi well on track, delivering expected synergies
- Full-year 2025 guidance confirmed
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- Adjusted EBITDA of between €770 and 850 million (excluding future changes of scope)
- Free Cash Flow of between €225 and 325 million (excluding future changes of scope)
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- Considering the very limited presence and exposure of the Group in the US, no material impacts have been identified in relation to US tariffs as announced on April 2, 2025. The Group monitors the evolving situation closely
Nexans, a global leader in the design and manufacturing of cable systems to power the world, announces its financial information for the first-quarter of 2025.
Commenting on the Group’s first-quarter highlights, Christopher Guérin, Nexans’ Chief Executive Officer, said:
« Our first-quarter results demonstrate the structural strength and lasting impact of Nexans’ strategic transformation. Driven by our electrification businesses achieving robust organic growth of +6.8%, this performance reflects our vision and excellence in operational execution.
The strategic divestment of Lynxeo1 reinforces our commitment to becoming a pure player in electrification, sharpening our strategic focus and enhancing our capability to deliver integrated, high-value solutions. We maintain a disciplined approach to external growth, actively pursuing targeted M&A opportunities precisely aligned with our core mission and enhancing sustainable long-term value.
At Nexans, performance is the result of deep structural improvements. The rigorous implementation of our SHIFT transformation program continues to unlock substantial value, fostering resilience and agility that will sustain our business through even the most challenging market conditions.
2025 marks a pivotal year for Nexans. Our clearly defined strategy, robust business model as a pure player of electrification, and unwavering commitment to lasting value creation continue to drive results benefiting all stakeholders.
Despite ongoing global economic and geopolitical uncertainties, Nexans confidently reaffirms its 2025 guidance. »
1 Subject to customary approvals