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05/30/14 - €44.00
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nexans sa (NEX) Details

Nexans Société Anonyme provides cables and cabling solutions for energy infrastructure, industry, and building markets worldwide. It operates through three segments: Transmission, Distribution, and Operators; Industry; and Distributors and Installers. The company offers low, medium, and high-voltage cables, as well as related accessories; copper and optical fiber cables; harnesses and specialty cables; equipment cables; and electrical wires. It provides cable solutions and accessories for aerospace, and defense and space applications; airports; automation; conventional cars, and hybrid and electric vehicles; residential, public, and industrial buildings; material handling systems; local area network systems; underground and open cast mines; motors, generators, and drives; nuclear plant infrastructures; oil, gas, and petrochemical; photovoltaic solar applications; ports and harbors; power networks; secure railway networks; on-track safety and train performance; rolling stock; shipbuilding, navy, and offshore platforms; telecom networks; and wind farm infrastructure and turbines. The company offers its products primarily under the brand names of MOTIONLINE, ALSECURE, SHIPLINK, WINDLINK, POWERMINE, KEYLIOS, NEWSENSE, FLAMEX, and KINOPTIC, as well as Lo-Sag, ICEFLEX, and INFIT. Nexans Société Anonyme is headquartered in Paris, France.

25,843 Employees
Last Reported Date: 04/7/14

nexans sa (NEX) Top Compensated Officers

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nexans sa (NEX) Key Developments

Nexans Provides Sales Guidance for the Third Quarter of 2014 and Provides Earnings Guidance for the Full Year 2014

Nexans announced that it expects its revenue to decrease by about 4% on in the third quarter of 2014. The company expects growth to be flat for the full-year. It currently expects its operating margin to be similar this year to the EUR 140 million figure for 2013. The group cites a persistent slowdown in South America and the Asia-Pacific region (Australia).

Nexans SA Wins EUR 35 Million Cable Contract

Nexans SA announced that it had been awarded a five-year contract worth EUR 35 million (USD 45 million) from the Swiss Federal Railways (SBB) for the supply of signalling and balise cables. The agreement is part of an initiative of SBB to upgrade the country's rail cable infrastructure. Under the contract, the French company will provide more than 7,000 km (4,300 miles) of rail cables to power SBB 's signalling and balise systems. The cables will be produced in Nexans' Swiss plants in Breitenbach and Cortaillod and should be supplied within five years starting October 2014.

Nexans Announces Consolidated Earnings Results for the Second Quarter and First Half of Fiscal Year 2014

Nexans announced consolidated earnings results for the second quarter and first half of fiscal year 2014. For the period, net sales were EUR 3,216 million against EUR 3,412 million a year ago. Operating income was EUR 91 million against operating loss of EUR 78 million a year ago. Income before taxes was EUR 38 million against loss before taxes of EUR 124 million a year ago. Net income from continuing operations was EUR 24 million against net loss from continuing operations of EUR 145 million a year ago. Net income attributable to owners of the parent was EUR 25 million against loss of EUR 145 million a year ago. Diluted earnings per share were EUR 0.59 against loss of EUR 4.92 a year ago. Net cash used in operating activities was EUR 138 million against EUR 72 million a year ago. Capital expenditures were EUR 71 million against EUR 84 million a year ago. Consolidated net debt totaled EUR 607 million compared with EUR 820 million a year ago. In the second quarter of 2014, sales were up 8% on first-quarter 2014 and 2.7% on the second quarter of 2013 on a comparable basis.


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