Nexans has responded to rumors regarding the Great Sea Interconnector project, stating that it will continue the execution of the project in accordance with contractual obligations and the milestones defined with its client. The company notes that these milestones can be adjusted over time, which is common in projects of such magnitude.
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Since the beginning of the Great Sea Interconnector project, Nexans has received substantial payments from its client. These payments have facilitated the manufacturing of the Great Sea Interconnector cable, thus eliminating potential financial risks should there be adjustments within the project framework.
Nexans: A Global Player in Sustainable Electrification
Nexans, a global leader in sustainable electrification, operates in 41 countries and deploys essential wiring solutions for the energy transition. In 2024, the group achieved a turnover of 7.1 billion euros. Nexans is committed to achieving carbon neutrality by 2050 and is listed on the Euronext Paris market, compartment A.
Nexans impose comme un partenaire de choix pour soutenir la souveraineté énergétique.
Croissance organique robuste des activités d’électrification de +4,9 %
Risks mentioned
Baisse de la demande chinoise.
Droits de douane américains affectant les Autres activités.
Opportunities identified
Acquisition de Republic Wire pour renforcer le positionnement de Nexans.
Élargissement de l'empreinte industrielle en Amérique du Nord.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
