Added to YB: 2026-07-06
Pitch date: 2026-07-02
NEX.PA [neutral]
Nexans S.A.
+0.79%
current return
Author Info
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Company Info
Nexans S.A. manufactures and sells cables in France, Canada, Norway, Italy, and internationally. It operates through PWR-Grid & Connect, PWR-Transmission, and Other segments.
Market Cap
EUR 6.2B
Pitch Price
EUR 140.10
Price Target
N/A
Dividend
2.04%
EV/EBITDA
9.16
P/E
29.89
EV/Sales
0.83
Sector
Electrical Equipment
Category
value
Nexans (NEX France): Republic Wire strengthens US exposure as growth pipeline continues to expand
NEX.PA (update): Republic Wire acquisition (€680m EV, 10.3x→7.6x EBITDA post-synergies) boosts US low-voltage exposure; €23m synergies over 3yrs. FY EBITDA raised to €818m (+12.5%), 2027 €922m. Grid margins >15%. Conservative €730-810m guide excludes Republic Wire & new MV project wins. Trades at discount to NKT/Prysmian despite similar momentum.
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