Nexans reports strong H1 growth, upgrades 2025 outlook
Cable manufacturer Nexans announced robust results for the first half of 2025, driven by strong performance in its electrification businesses. The company has raised its full-year guidance following the positive financial outcome.
Nexans, a global leader in cable systems, reported a significant increase in performance for the first half of 2025, with standard sales reaching €3.8 billion, up 4.9% organically. The company’s electrification businesses were a key driver, achieving 7.8% organic growth. This strong performance has led Nexans to upgrade its full-year 2025 financial guidance.
The company posted a record adjusted EBITDA of €441 million, a 7.0% year-on-year increase, with the adjusted EBITDA margin improving to 11.7% of standard sales. The electrification segment saw a notable 17.2% rise in adjusted EBITDA, reflecting structural improvements and successful project execution in areas like power transmission and grid infrastructure.
Nexans completed the strategic disposal of its Lynxeo business, refocusing its portfolio. The company also reported strong cash flow generation, with free cash flow at €282 million for the first half, a substantial rise from €79 million in the same period last year. The balance sheet remains solid with no significant debt maturities until 2027.
Based on these results, Nexans has raised its forecast for full-year 2025 adjusted EBITDA to a range of €810 million to €860 million, previously €770–€850 million. Free cash flow is now projected to be between €275 million and €375 million, an increase from the previous €225–€325 million estimate.