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Nexans Launches Its 2018-2022 Strategic Plan And Is Paced For Growth

by wireworld on 01/08/2018 - 12:38 pm

Tag: Press Releases

Meeting tomorrow’s challenges today: Nexans announces its 2018-2022 strategic plan “Paced For Growth”.

The 2015-2017 Strategic plan “Nexans in Motion” has delivered the expected results: the ROCE has doubled in 3 years from 5.5 to more than 11% despite Oil & Gas and South America crises over the period.

New societal challenges create opportunities: energy transition and smart grids, ecomobility and data transmission are Nexans’ key drivers with opportunities both in volumes and moving up the value chain.

By 2022, Nexans’ ambition is to derive from its current scope of activities 25% more revenues, an EBITDA[2] increased by ~50% to ~600 million euros, and a ROCE exceeding 15%.

While maintaining a healthy balance sheet, this should allow for external growth options for up to 1.5 to 2 billion euros revenues.

"The ‘Paced for Growth’ strategic plan will allow us to go further in the innovation and differentiation of our activities in markets with high-potential on a global scale”, commented Arnaud Poupart-Lafarge, Nexans CEO. “Being a cable leader is the core of our activity but today we have the ability to go beyond that to become a critical link, the one capable of providing women and men around the world with the energy  and information they need".