Nexans Sets New Strategic and Financial Ambitions for 2028

Nexans, a global player in electrification, today presented its new four-year strategy and financial targets through 2028 in London. The company seeks to strengthen its position in the electrification markets by utilizing new technological solutions, artificial intelligence, and expanding into new market segments.

The core of the strategy involves accelerating growth in electrification and promoting sustainable development. Nexans CEO Christopher Guérin emphasized the company's investment in innovation and artificial intelligence to enhance its business model and financial performance. The new strategy targets profitable growth in electrification markets, which are growing at twice the rate of GDP.

Financially, Nexans aims for an annual organic growth of 3-5% in its electrification business and an increase in adjusted EBITDA by €350 million between 2024 and 2028. On a group level, the company forecasts adjusted EBITDA to reach €1.15 billion and return on capital employed (ROCE) to exceed 20%. Investments for 2025-2028 are estimated at approximately €1.2 billion, with a focus on power grid and power connection segments.

The company has also set ambitious environmental targets. Greenhouse gas emissions are targeted for a reduction of 42% (scopes 1 and 2) and 29% (scope 3) from 2019 levels by 2028. Additionally, the share of recycled copper in its products is expected to increase from 5% to 25% during the same period.