Financial results

2019 financial information

Feb 20, 2020
Full year result 2019

Full year result 2019

2019 strategic objectives reached

“New Nexans” plan on track

EBITDA at 413[1] million euros

Record backlog in energy transition

  • 2019 New Nexans plan strategic objectives met: 
    • EBITDA increased to 413[1] million euros (384 million euros excluding IFRS 16) from 325 million euros in 2018, up +18% on comparable basis
    • Higher-than-expected free cash flow of 251 million euros
    • Return on Capital Employed (ROCE) at 11.1%[2]
  • Net loss of 118 million euros impacted by 201 million euros New Nexans plan reorganization costs
  • Historical frame agreement with Eversource and Ørsted for the development of offshore windfarms in North America until 2027
  • Proposed dividend of 0.40 euro per share

~ ~ ~

  • 2020 EBITDA outlook between 440 and 460 million euros

 

[1] Consolidated EBITDA is defined as operating margin before depreciation and amortization. The Group’s first-time application of IFRS 16 at December 31, 2019 had a +29 million euros positive impact on consolidated EBITDA and free cash flow, a +140 million positive impact on consolidated net debt and -0.5% on ROCE compared to 2018.

[2] Return on Capital Employed: 12 months operating margin on capital employed at the end of period, excluding antitrust provision, and IFRS 16 of -0.5% in 2019

“ Our 2019 results are in line with 2021 value creation objectives. New Nexans strategic plan reaches first successes. We are on track, with the right governance structure, an agile organization and the right business scope, focused on key markets and renewable energies. We are actively committed to fighting global warming and aiming carbon neutrality by 2030. ”

Christopher Guérin

Chief Executive Officer

Watch the replay from the 2019 Full Year Results presentation

Your Contact

Aurelia Baudey-Vignaud

Financial Communication

Angéline Afanoukoe

Press Relations

Catherine Garipoglu

Corporate Communication

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