Nexans – H1 2024 Earnings Press Release

+6% organic growth and strong financial performance led by Electrification businesses in H1 2024 

2024 guidance upgraded

• H1 2024 standard sales of €3.5 billion (current sales of €4.2 billion), up +6.1% organically and Q2 2024 standard sales of €1.9 billion, up +9.4% organically 
• Acceleration in Electrification businesses, up +14.1% organically in H1 2024, thanks to continued focus on value-added solutions 
• Record adj. EBITDA of €412 million, up +16.4% year-on-year, adj. EBITDA margin at 11.6% up +96bps 
• Robust Normalized FCF at €189 million, reflecting strong operational performance 
• …