Nexans 2007 third-quarter financial information
- Sustained organic growth in cable* business in the third quarter 2007 (up 12.5% excluding electrical wires)
- Stronger sales of energy infrastructure cables (up 9%)
- Confirmation of the target double-digit growth for cable business in 2007, and the significant improvement in operating profitability
Paris, France – Nexans 2007-10-18 announced 2007 third-quarter sales of 1,776 million euros (at actual non-ferrous metal prices). At constant non-ferrous metal prices**, the quarter’s sales stood at 1,166 million euros. Organic growth for cable business was 12.5% (5.0% including the Electrical Wires business).
With an organic growth rate of 12.8% for cable business*, sales, for the first 9 months of the year at constant non-ferrous metal prices, reached 3,617 million euros.
The operating profitability improved beyond the 7.6% reported for June 30, 2007.
Financial debt is at a similar level to that at June 30, 2007, being a reduction of approximately 100 million euros compared with December 31st, 2006, despite the
increased volume of business.
* Cables and related products (accessories), excluding electrical wires.
** To neutralize the effect of variations in the purchase price of non-ferrous metals and thus measure the underlying sales trend, Nexans also calculates its sales using a constant price for copper and aluminum.
Please read the detailed Financial Results at www.nexans.com