Nexans S.A. (NEXNY) Q1 2026 Earnings Call Transcript
Nexans reported a solid start to 2026 with 4.9% organic growth in its electrification and core businesses, though group-level organic sales grew only 0.1% due to a decline in metallurgy activities. The company maintained its full-year guidance and announced the acquisition of U.S.-based Republic Wire for approximately EUR 520 million to expand its low-voltage cable presence. CEO Julien Hueber emphasized continued strong demand and execution in line with the company's strategic roadmap. CFO Vincent Piquet highlighted stable profitability despite market headwinds.
- ▪Nexans achieved 4.9% organic growth in electrification and core businesses in Q1 2026.
- ▪Group organic sales increased by 0.1%, with strong performance offset by a decline in metallurgy activities.
- ▪The company announced the acquisition of Republic Wire for around EUR 520 million to strengthen its U.S. low-voltage segment.
- ▪The decline in metallurgy was attributed to reduced copper ordering in the U.S. following 2025 tariff-related demand.
- ▪Nexans confirmed it remains on track to meet its full-year 2026 financial targets.
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