A record year: all-time high EBITDA, cash generation and ROCE

Nexans published its financial statements for the full-year 2022, as approved by the Board of Directors at its meeting on February 14th, 2023 chaired by Jean Mouton.

  • +12.9% organic growth compared to 2021 in Electrification businesses, driven by value
  • Continued deployment of Nexans’ Electrification Pure Player strategic roadmap
    • Centelsa integration ahead of plan, one acquisition announced in Electrification segments and proposed divestment of Telecom Systems activity
    • Amplify & SHIFT Prime programs accelerating structural growth in Electrification businesses through more innovation and services, adding 67 million euros to EBITDA
    • Record high quality and healthy 3.5 billion euros adjusted Generation & Transmission backlog (adjusted Generation & Transmission backlog including contracts secured but not yet enforced), up 51% versus end-December 2021, pulled by the Celtic Interconnector project
    • Investment in Halden high-voltage plant capacity extension on-track
  • Robust balance sheet with a net debt at 182 million euros and enhanced liquidity supporting Nexans’ strategic ambition
  • Proposed dividend of 2.10 euros per share in respect of 2022, a rise of +75% from 2021
  • Accelerated decarbonation: GHG emissions down -28% vs 2019, ahead of the SBTi targets  
  • Full-year 2023 Guidance released:
    • EBITDA range of 570-630 million euros
    • Normalized Free Cash Flow between 150 and 250 million euros

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom. 

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