PARIS (Agefi-Dow Jones)–Cable manufacturer Nexans announced on Wednesday that it is aiming for an increased Ebitda for 2022, while its results have improved significantly over the past year.
For the current financial year, Nexans expects to generate a gross operating surplus (Ebitda) of between 500 million and 540 million euros, after 463 million euros in 2021. The group also anticipates a generation of normative free cash between 150 million and 200 million euros.
The group delivered its outlook after having exceeded its forecasts for the 2021 financial year. Last year, the group generated a net profit of 164 million euros, against 80 million euros in 2020.
Nexans’ sales amounted to 7.4 billion euros, compared to 6 billion euros in 2020. At constant metal prices, the group’s revenues amounted to 6.05 billion euros, in organic growth of 8.3% over one year.
The group’s EBITDA came out at 463 million euros, compared to 347 million euros in 2020, i.e. a margin of 7.6% compared to 6.1% a year earlier.
Free cash flow was €179 million, compared to €64 million in 2020, and return on capital employed (ROCE) reached 16.4% in 2021.
Nexans was aiming for an Ebitda of between 430 million and 460 million euros, a ROCE of between 13% and 15% as well as a cash flow before acquisitions and capital operations of between 100 million and 150 million euros.
For their part, analysts expected an average Ebitda of 455 million euros, a ROCE of 12.8% and a cash flow before acquisitions and capital operation of 147 million euros, according to a consensus available on the site. of society.
The company will propose a dividend of 1.2 euros per share for the 2021 financial year against 0.70 euros for that of 2020.
-Julien Marion, Agefi-Dow Jones; +33 (0)1 41 27 47 94; [email protected] ed: VLV
NEXANS COMMUNICATIONS:
http://www.nexans.fr/eservice/France-fr_FR/navigate_147243/Communiques_de_presse.html
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February 16, 2022 01:01 ET (06:01 GMT)