(CercleFinance.com) – Nexans posts turnover at standard metal prices of 4.92 billion euros for the first nine months of 2023, roughly stable (-0.2%) organically, but in organic growth of 3.4% excluding ‘other activities’.
‘In the third quarter, the production and transmission segment grew organically by 17.8%, benefiting from the ramp-up of our Charleston plant, which is now fully operational,’ underlines its general manager Christopher Guérin.
The cable manufacturer confirms its objectives for the year 2023, excluding unfinalized acquisitions and disposals, of an EBITDA between 610 and 650 million euros, as well as a normalized cash generation of between 220 and 300 million.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
