Nexans Publishes Q1 Financial Information

Image: NexansImage: Nexans
2020 guidance suspended on March 24, 2020, will be updated when situation firms up

Official Press Release Nexans:

2020 first quarter financial information

Wind Industry Profile of
2020 first quarter financial information

Stable Group sales in unprecedented crisis / Transformation program reinforced and implemented group-wide / Paving the way for a stronger Nexans

Standard sales of 1,569 million euros in the first-quarter 2020, representing organic growth of -0.1% year-on-year (YoY) Strong backlog in Subsea (1.6 billion euros) with no delays in project execution China back to full operations, Europe and North America impacted by partial lockdowns Strong actions to cope with the sanitary crisis and to preserve liquidity: • Increased cost reduction targets and strict cash management • Proposed cancelation of dividend payment to shareholders • Reduced fixed compensation by 30% reduction for... ... More: Official Press Release Nexans

Nexans, quarter, Q1, sales, orders, cables, Corona, crisis, revenue, backlog, subsea

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