Paced For Growth: Nexans Launches Its 2018-2022 Strategic Plan
Paris La Défense, December 13, 2017 – Meeting tomorrow’s challenges today: Nexans announces its 2018-2022 strategic plan “Paced For Growth”.
The 2015-2017 Strategic plan “Nexans in Motion” has delivered the expected results: the ROCE has doubled in 3 years from 5.5 to more than 11% despite Oil&Gas and South America crises over the period.
New societal challenges create opportunities: energy transition and smart grids, ecomobility and data transmission are Nexans’ key drivers with opportunities both in volumes and moving up the value chain.
By 2022, Nexans’ ambition is to derive from its current scope of activities 25% more revenues, an EBITDA increased by ~50% to ~600 million euros, and a ROCE exceeding 15%.
While maintaining a healthy balance sheet, this should allow for external growth options for up to 1.5 to 2 billion euros revenues.
"The ‘Paced for Growth’ strategic plan will allow us to go further in the innovation and differentiation of our activities in markets with high-potential on a global scale”, commented Arnaud Poupart-Lafarge, Nexans CEO. “Being a cable leader is the core of our activity but today we have the ability to go beyond that to become a critical link, the one capable of providing women and men around the world with the energy and information they need".
The Plan presentation document, which includes the current outlook for 2017, is available on Nexans internet site www.nexans.com
A conference call is scheduled today at 3:00 p.m. (Paris time).
The local numbers to call are:
- In France: +33 (0) 1 70 71 01 59
- In the United Kingdom: +44 (0) 207 194 3759
- In the United States: +1 844 286 0643
To participate in the call, please enter 08007039 followed by the hash (#) sign.
The local numbers to call to listen to a replay of the conference (available within 2 hours) are:
- In France: +33 (0) 1 70 71 01 60
- In the United Kingdom: +44 (0) 203 364 51 47
- In the United States: +1 646 722 49 69
To listen to the conference, please enter 418719650 followed by the hash (#) sign.
February 15, 2018: 2017 Full-year results
As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, emobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com