Nexans H1 FY26 net income drops 71.7% to €105.9 million; adjusted EBITDA rises 4.3% to €387.7 million

Reuters2026/07/29 05:02

By:Reuters

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Nexans posted H1 2026 net income of EUR 105.9 million, down 71.7%, with net income from continuing operations falling 14.3% to EUR 122.8 million.
Sales at standard metal prices rose 5.0% to EUR 3.25 billion, driven by 1.5% organic growth and a 3.8% acquisition lift.
Adjusted EBITDA increased 4.3% to EUR 387.7 million, with margin edging down 0.1 percentage point to 11.9% of standard sales.
Free cash flow dropped 46.4% to EUR 165.5 million, while net debt widened to EUR 1.04 billion and leverage stood at 1.4x.
Full-year guidance was raised to adjusted EBITDA of EUR 770-840 million and free cash flow of EUR 235-325 million, reflecting the June Republic Wire deal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexans SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607290100OMX_____CNEWS_EN_GNW1001254915_en) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nexans H1 FY26 net income drops 71.7% to €105.9 million; adjusted EBITDA rises 4.3% to €387.7 million

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