2026 Half-Year Results Published

Nexans, a global leader in the design and manufacturing of cable systems to power the world, published its interim consolidated financial statements for the first-half of 2026, as approved by the Board of Directors at its meeting on July 28, 2026 chaired by Jean Mouton. 

 

• H1 2026 standard sales of €3,248.6 million (current sales of €4,736.0 million), up +5.0% including +1.5% organic growth and +3.8% from contribution of acquisitions  

• Strong Electrification businesses performance, up +4.5% organically in H1 2026 

• Group Adjusted EBITDA of €387.7 million, up +4.3% year-on-year, adjusted EBITDA margin at 11.9% of standard sales compared to 12.0% in H1 2025 

• Net income at €105.9 million in H1 2026 compared to €374.0 million in H1 2025, this variation reflected discontinued operations linked to IFRS 5 (Lynxeo, AmerCable and Autoelectric divestments) . 

• Free cash flow of €165.5 million in H1 2026 resulting in a cash conversion ratio at 42.7% 

• U.S. market footprint expanded through Republic Wire acquisition 

• PWR-Transmission MI line loaded up until mid-2028. 

• A sound balance sheet with solid cash flow generation and well-controlled financial leverage ratio  

• Well-diversified debt profile and no upcoming maturities before 2027, financial leverage ratio at 1.4x  

• Maintaining the financial flexibility to execute a disciplined and value-creating M&A strategy 

• Sustainability  

• Responsible supply chain: Nexans awarded CDP Supplier Engagement Leader 

• ESG performance and circularity as commercial differentiators 

• Full-year 2026 guidance upgraded  

• Adjusted EBITDA: €770 – 840 million, (previously: €730 -810 million) 

• Free Cash Flow: €235 – 325 million, (previously: €210 – 310 million) 

This guidance does not assume execution of the Great Sea Interconnector project in 2026 but includes the load of MI line at the end of 2026.

 

Message from Group CEO Julien Hueber:

 
“Our first-half performance reflects the continued disciplined execution of our strategy in an environment where the structural drivers of electrification remain stronger than ever. In H1 2026, Nexans’ Electrification businesses delivered +4.5% organic growth and 13.2% Adjusted EBITDA margin supported by PWR-Transmission trajectory and sustained demand, disciplined selectivity and a clear focus on high value-added solutions in PWR-Grid and PWR-Connect. 

We further optimized and mutualized our industrial footprint, further enhancing operational efficiency in order to support our customers’ growing needs across our end markets, including data centers. Our well-balanced business profile, underpinned by long-standing customer relationships and a disciplined value-over-volume approach, provides the agility and resilience needed to capture opportunities while delivering sustainable profitable growth. 

With the acquisition of Republic Wire in the U.S. we further advanced our value-accretive M&A strategy, strengthening our portfolio in line with our long-term ambitions. 

Looking ahead, the market environment remains dynamic and the long-term fundamentals underpinning electrification remain compelling. Supported by our differentiated positioning, operational discipline and focused investment strategy, we remain confident in our ability to deliver sustainable value for all our stakeholders."