- Standard sales approached the €5 billion milestone in first nine months of 2026. 9M 2026 Group organic growth at +3.9%, including a high +9.0% organic growth in Q3 2026
- Standard sales of €4,946.7 million in the first nine months of 2026, up +10.1% year on year, including +3.9% organic growth, +5.6% scope contribution thanks to acquisitions and +0.6% foreign exchange effect
- Electrification businesses up +12.9% in the first nine months of 2026, including +5.3% organically and +6.6% related to scope, and up +7.1% organically in the third quarter of 2026 along with a +10.9% effect of scope thanks to acquisitions
- Adjusted backlog for PWR-Transmission, mainly subsea-driven, at €7.8 billion as of September 30, 2026, up +0.7% compared to June 30, 2026
- Strategic M&A continues to be a key capital allocation priority to drive Nexans’ next phase of growth, following the completion of its portfolio rotation
- Integration of Republic Wire in PWR-Connect in the U.S. is well on track, delivering expected results
- M&A remains a key pillar of Nexans’ strategy, we nurture a rich pipeline of opportunities worldwide
- In September, Nexans successfully completed a €500 million bond issuance
- Proceeds used for refinancing the bridge loan started in April 2026 and put in place to fund the acquisition of Republic Wire in the U.S.
- 5-year maturity and fixed interest rate of 4.25%
- Full-year 2026 guidance confirmed, as upgraded in July 2026 :
- Adjusted EBITDA: €770 – 840 million,
- Free Cash Flow: €235 – 325 million.
This guidance does not assume execution of the Great Sea Interconnector project in 2026 but includes the load of MI line at the end of 2026
This guidance takes into account the contribution of Republic Wire starting 1st June 2026 and excludes the contribution of any future acquisitions
Nexans, a global leader in the design and manufacturing of cable systems to power the world, announces its financial information for the first nine months of 2026.
Commenting on the Group’s performance, Julien Hueber, Nexans’ Chief Executive Officer, said:
“Our third-quarter performance reflects very positive business trends and the continued commitment of our teams. The momentum we have seen during the quarter is encouraging and reinforces our confidence in Nexans’ strategic direction and unique positioning across the Electrification value chain. As we enter the final quarter, we continue to take a measured approach, recognizing that quarterly performance naturally reflects the timing and mix of activity. Our focus remains on delivering consistent execution and sustainable value over time.
We are investing in PWR-Grid Accessories to expand our medium-voltage production capacity in Europe and the U.S., enabling us to enhance operational excellence and to be well-positioned to capture growth in strategic markets such as data centers and solar activities.
In PWR-Connect, the integration of Republic Wire in the United States is well on track and providing already good results on the key performance indicators of our roadmap. Again, M&A remains a key pillar of our strategy and we nurture a rich pipeline of opportunities worldwide.
Our priority remains to translate positive market trends into sustainable, profitable growth, supported by rigorous execution and financial discipline. We enter the final quarter with confidence in the fundamentals of our business to achieve our near-term outlook. We will continue to focus on serving our customers, delivering quality of execution and creating long-term value for our shareholders.”
9M and Q3 2026 highlights
In the first nine months of 2026, the Group’s standard sales amounted to €4,946.7 million, up +3.9% organically compared to the same period last year. The scope effect in the first nine months of 2026 accounted for +5.6% linked to the acquisition of Republic Wire in the U.S. (contribution starting June 2026), Electro Cables in Canada (contribution starting January 2026) and Cables RCT in Spain (contribution starting June 2025). The foreign exchange effect was up +0.6% mainly related to a positive pattern of Norwegian Krone and partially mitigated by U.S. Dollar and Canadian Dollar.
The Electrification businesses recorded +5.3% organic growth in the first nine months of 2026 and +7.1 % in Q3 2026 supported by high demand in strategic verticals across PWR-Grid and PWR-Connect, favorable seasonality in PWR-Grid with Q2 and Q3 typically being the strongest quarters, and the successful execution of large-scale projects. PWR-Transmission continued its sales normalization while the margin will continue to improve in FY 2026.
