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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Nexans    NEX   FR0000044448

NEXANS

(NEX)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 02/27 03:59:59 pm
41.26 EUR   -6.59%
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Nexans :, Ever source and Orsted sign Framework Agreement for North American Offshore Wind Farm development

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12/04/2019 | 09:57am EST

Paris La Defense - Nexans, the global expert in advanced cabling and connectivity solutions, Eversource, New England's premier transmission builder, and Orsted, the world leader in offshore wind, announced today a framework agreement.

The agreement will reinforce their long-term partnership and will result in Nexans having the opportunity to provide up to 1,000 km of subsea high voltage export cables for Orsted's offshore wind farms in North America. The first delivery is expected by 2022 and the agreement extends until 2027.

'Our partnership with Orsted and Eversource will accelerate the energy transition in North America and bring Nexans' industry-leading subsea cable technology to the U.S.,' explained Vincent Dessale, Senior Executive Vice President, Nexans Subsea and Land Systems Business Group. 'Nexans' advanced subsea cables will contribute both to the overall performance and to increasing the energy efficiency of Orsted's projects.'

Building on the Group's distinguished know-how in submarine cabling systems and its existing manufacturing footprint in Norway and Japan, the Nexans facility in North America will become the first and unique plant to manufacture subsea high-voltage cables in the U.S.

Nexans' investment in the U.S. facility adds to the Group's ambition to increase its submarine cable installation capacity. To take full advantage of this capacity, Nexans is building Nexans Aurora, a new state-of-the-art cable-laying vessel with a 10,000-ton capacity.

Contact:

Kristin Hessen

Tel: +47 908 74 208

Email: kristin.hessen@nexans.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (EUR)
Sales 2020 4 693 M
EBIT 2020 275 M
Net income 2020 127 M
Debt 2020 609 M
Yield 2020 1,36%
P/E ratio 2020 14,2x
P/E ratio 2021 10,2x
EV / Sales2020 0,52x
EV / Sales2021 0,47x
Capitalization 1 822 M
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Number of Analysts 11
Average target price 47,34  €
Last Close Price 41,92  €
Spread / Highest target 31,2%
Spread / Average Target 12,9%
Spread / Lowest Target -15,3%
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NameTitle
Christopher Guérin Chairman-Executive Board & CEO
Jean Mouton Chairman
Jean-Christophe Juillard Chief Financial Officer & Head-IT
Colette Lewiner Independent Director
Hubert Porte Independent Director
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