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Nexans SA (NEXS.PA)

NEXS.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nexans Will Enhance Its Organization And Restructure Its European Operations
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - NEXANS SA ::NEXANS ANNOUNCES A PROJECT TO ENHANCE ITS ORGANIZATION AND RESTRUCTURE ITS EUROPEAN OPERATIONS.COMPLETE RESIZING OF THE ORGANIZATION THROUGH REFOCUSING ON ITS CORE BUSINESS GROUPS, SUPPRESSING REGIONAL STRUCTURES AND GREATLY REDUCING COMPLEXITY.RESTRUCTURING PROJECT WOULD AFFECT 939 POSITIONS, AND WILL SEE THE CREATION OF 296 JOBS.MAIN SOCIAL IMPACT WOULD BE IN GERMANY, FRANCE, SWITZERLAND AND, TO A LESSER EXTENT, BELGIUM, NORWAY AND ITALY..NEXANS WILL BE WORKING CLOSELY WITH ALL STAKEHOLDERS TO MINIMIZE THE SOCIAL IMPACT OF THE PROJECT IN ACCORDANCE TO APPLICABLE LAWS.  Full Article

Nexans Renews Its 600 Million Euros Revolving Credit Facility
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - NEXANS SA ::NEXANS RENEWS ITS 600 MILLION EUROS REVOLVING CREDIT FACILITY.SIGNED A EUR 600 MILLION REVOLVING CREDIT FACILITY WITH 11 OF ITS CORE BANKS FOR A PERIOD OF FIVE YEARS.FACILITY RESTATES EUR 600 MILLION REVOLVING CREDIT FACILITY SIGNED BY GROUP IN 2015 THAT WAS DUE TO EXPIRE IN DECEMBER 2020.  Full Article

Nexans And Emtelle To Supply Optical Fiber Solutions For Swedish Government Rail Projects
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - NEXANS SA ::NEXANS AND EMTELLE JOIN FORCES TO SUPPLY OPTICAL FIBER SOLUTIONS FOR SWEDISH GOVERNMENT RAIL PROJECTS.NEXANS HAS BEEN AWARDED A 65-MILLION-EURO CONTRACT BY TRAFIKVERKET (SWEDISH GOVERNMENT’S TRANSPORT ADMINISTRATION).DELIVERY OF THE NEXANS AND EMTELLE PRODUCTS TO TRAFIKVERKET WILL BEGIN IN EARLY 2019 AND WILL BE COMPLETED BY 2029.THE OPTICAL FIBER CABLE SOLUTIONS WILL BE MANUFACTURED BY NEXANS SWEDEN IN THE GRIMSÅS PLANT, WHILE MICRODUCTS AND MICRODUCT BUNDLES WILL BE PROVIDED BY EMTELLE.  Full Article

Nexans Confirms 100 Million Euro Philippines Contract
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - NEXANS SA ::REG-NEXANS : NEXANS CONFIRMS ITS POSITION AS A KEY GLOBAL SUPPLIER OF DEEPWATER MASS-IMPREGNATED CABLING SYSTEMS WITH A 100-MILLION-EURO CONTRACT IN THE PHILIPPINES.FULL TURNKEY CONTRACT TO REINFORCE NATIONAL GRID OF PHILIPPINES..CONTRACT TO MANAFACTURE (NOT MANUFACTURR), DELIVER AND INSTALL 350 KV HIGH VOLTAGE DIRECT CURRENT (HVDC) MASS-IMPREGNATED (MI) SUBMARINE CABLE.  Full Article

Nexans Announces New Management Team
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - NEXANS SA ::REG-NEXANS ANNOUNCES A NEW MANAGEMENT TEAM TO DRIVE ITS NEW INDUSTRIAL PROJECT AND BUILD FUTURE SUCCESSES.APPOINTS AN EXECUTIVE COMMITTEE OF 12 PEOPLE REPLACING TWO PREVIOUS GOVERNANCE BODIES.EXECUTIVE TEAM WILL FOCUS ON IMPROVING GROUP'S COMPETITIVENESS THROUGH CONSTANT COST DISCIPLINE.NEW GROUP EXECUTIVE COMMITTEE COMPRISES ELEVEN MEMBERS GATHERED AROUND CHRISTOPHER GUÉRIN, CHIEF EXECUTIVE OFFICER.JUILLARD TO BE NEW CFO.  Full Article

Nexans Wins 111 Million Euros Contract For Interconnector Between Lavrion And Syros
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - NEXANS SA ::REG-NEXANS : NEXANS SECURES A 111-MILLION-EURO TURNKEY SUBMARINE CABLE PROJECT FOR GREECE'S CYCLADES ISLANDS POWER INTERCONNECTION.  Full Article

Red Eléctrica De España Awards Nexans Turnkey Contract Worth 50 Million Euros
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - NEXANS SA ::RED ELÉCTRICA DE ESPAÑA AWARDS NEXANS WITH A TURNKEY CONTRACT WORTH AROUND 50M EUROS TO MANUFACTURE AND INSTALL AN INTERCONNECTION CABLE BETWEEN MAJORCA AND MENORCA.INTERCONNECTION IS DUE TO BE UP AND RUNNING IN 2020.  Full Article

Nexans Wins Major Power Export Cable Contract For Ørsted's Hornsea 2 Wind Farm
Monday, 19 Nov 2018 

Nov 19 (Reuters) - NEXANS SA ::WINS MAJOR POWER EXPORT CABLE CONTRACT FOR ØRSTED'S HORNSEA 2 WIND FARM.HAS WON A CONTRACT WORTH OVER 150 MILLION EUROS.ØRSTED IS NOW CONSTRUCTING PROJECT, WITH COMPLETION SET FOR 2022.  Full Article

Nexans Supplies 915 Km Of Jayabaya High Speed Submarine Cable System
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - NEXANS SA ::EXTENDS INDONESIA’S INFORMATION SUPERHIGHWAY WITH JAYABAYA SUBMARINE FIBER OPTIC CABLE.SUPPLYING TOTAL OF 915 KM OF FIBER OPTIC CABLES FOR JAYABAYA HIGH SPEED SUBMARINE CABLE SYSTEM FOR JAVA ISLAND.INSTALLATION OF THE CABLE IS ONGOING AND IS EXPECTED TO BE COMPLETED BY THE END OF NOVEMBER 2018..  Full Article

Nexans Aims To Reach EBITDA Of 500 Million Euros By 2021
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Nexans SA ::REG-NEXANS TRANSFORMS ITS VALUE DELIVERY MODEL.BY 2021, NEXANS' AMBITION IS TO DERIVE FROM ITS CURRENT SCOPE OF ACTIVITIES: AN EBITDA OF 500 MILLION EUROS.BY 2021, AIMS TO REACH ROCE OF 15.5%.BY 2021, NEXANS' AMBITION IS TO DERIVE FROM ITS CURRENT SCOPE OF ACTIVITIES: ROCE OF 15.5%.BY 2021 NEXANS' AMBITION IS TO DERIVE FROM CURRENT SCOPE OF ACTIVITIES: CUMULATIVE FREE CASH FLOW OVER 2018-2021 EXCEEDING EUR 200 MILLION.  Full Article

BRIEF-Nexans Will Enhance Its Organization And Restructure Its European Operations

* NEXANS ANNOUNCES A PROJECT TO ENHANCE ITS ORGANIZATION AND RESTRUCTURE ITS EUROPEAN OPERATIONS