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.
