H1 2025: Outstanding delivery of Nexans’ model
+4.9% organic growth driven by the performance of our Electrification businesses (+7.8% organic growth)
Record EBITDA and ongoing margin improvements
Lynxeo disposal successfully completed
2025 guidance upgraded
- Strong half-year results reflecting the strengths of Nexans’ business model and quality of execution
- H1 2025 standard sales of €3.8 billion (current sales of €4.7 billion), up +4.9% organically and Q2 2025 standard sales of €2.0 billion, up +5.7% organically
- Strong Electrification businesses, up +7.8% organically in H1 2025
- Record adjusted EBITDA of €441 million, up +7.0% year-on-year, adjusted EBITDA margin at 11.7% of standard sales, up +10 bps
- Electrification adjusted EBITDA significantly up +17.2% year-on-year, adjusted EBITDA margin at 13.7% of standard sales with structural improvements bearing fruit
- Net income at €374 million in H1 2025 compared to 176 million in H1 2024, reflecting net gains on asset disposals linked to the AmerCable and Lynxeo divestments
- A very solid balance sheet with strong cash flow generation and no leverage
- Exceptional cash generation with free cash flow of €282 million in H1 2025 (vs €79 million in H1 2024), translating disciplined cash collection across all business units and including an exceptional level of downpayments in H1 2025 resulting in a high cash conversion rate at 64%
- Well-diversified debt profile and no upcoming maturities before 2027
- M&A remains at the core of the Group’s strategy
- Sustainability: a strong commitment across the board
- In H1 2025, CDP revised Nexans’ rating to A
- Successful 11th employee share ownership plan, ACT 2025
- Full-year 2025 guidance upgraded
- Adjusted EBITDA of between €810 million and €860 million (previously: €770 – 850 million, excluding divestment of Lynxeo and future changes of scope)
- Free Cash Flow of between €275 million and €375 million (previously: €225 – 325 million, excluding divestment of Lynxeo and future changes of scope)
Excluding six months of Lynxeo, including seven months of Cables RCT and excluding future changes of scope
Nexans, a global leader in the design and manufacturing of cable systems to power the world, published its interim consolidated financial statements for the first-half of 2025, as approved by the Board of Directors at its meeting on July 29, 2025 chaired by Jean Mouton. Commenting on the Group’s performance, Christopher Guérin, Nexans’ Chief Executive Officer, said:
“Our exceptional H1 2025 results clearly showcase the power and precision of the Nexans model, anchored firmly in structural performance and disciplined execution. The success of our SHIFT model across the organization reinforces our long-term growth confidence.
I’m particularly proud of the outstanding performance in Electrification, with nearly +8% organic growth driving overall Group growth to almost +5%. Our profitability also reached new heights, with an adjusted EBITDA margin of 11.7%. The continued leadership of our PWR-Grid and PWR-Connect segments demonstrates the effectiveness of our focused strategy. In addition, our PWR-Transmission segment continued its margin expansion, benefiting from smooth project execution.
The strategic divestment of Lynxeo represents a major step forward on our journey toward sustainable electrification leadership. Simultaneously, our strategic acquisition of Cables RCT in Spain further strengthens our portfolio, expanding Nexans’ presence in vibrant, fast-growing markets.
Driven by these outstanding first-half achievements, we are confidently raising our 2025 guidance. Our exceptional performance underscores the agility and resilience, reinforcing our belief in Nexans’ continued ability to deliver sustained value and innovation.”