Financial information

S&P Global Ratings upgrades Nexans to BB+

Feb 16, 2022

  • Nexans solid results, successful transformation and sound balance sheet support rating upgrade to BB+
  • Outstanding Free Cash Flow of 179 million euros
  • New record low Net Debt at 74 million euros

Paris, February 16, 2022 – Today, Nexans is proud to announce that S&P upgraded Nexans’ rating to BB+ from previously BB.

In 2021, the Group exceeded expectations, notably reaching 179 million euros free cash flow and a new record low net debt at 74 million euros, supported by strict working capital management and cash generation mindset.

Nexans’ rating raised to BB+ on the Group’s long-term issuer credit and senior unsecured notes. Outlook remains stable.

Jean-Christophe Juillard
“ S&Ps rating upgrade evidences the Group’s successful transformation strengthening its Balance Sheet since 2019. As Nexans is building its new strategic roadmap to become an Electrification Pure Player, this recognition is key to support our ambition. ”
Jean-Christophe Juillard
Nexans’ Chief Financial Officer

Rating is available on S&P Global Ratings website and on Nexans website

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