2019 strategic objectives reached

'New Nexans' plan on track

EBITDA at 413[1] million euros

Record backlog in energy transition

  • 2019 New Nexans plan strategic objectives met:
    • EBITDA increased to 413[1] million euros(384 million euros excluding IFRS 16) from 325 million euros in 2018, up +18% on comparable basis
    • Higher-than-expected free cash flow of 251 million euros
    • Return on Capital Employed (ROCE) at 11.1%[2]
  • Net loss of 118 million euros impacted by 201 million euros New Nexans plan reorganization costs
  • Historical frame agreement with Eversource and Ørsted for the development of offshore windfarms in North America until 2027
  • Proposed dividend of 0.40 euro per share

~ ~ ~

  • 2020 EBITDA outlook between 440 and 460 million euros

[1] Consolidated EBITDA is defined as operating margin before depreciation and amortization. The Group's first-time application of IFRS 16 at December 31, 2019 had a +29 million euros positive impact on consolidated EBITDA and free cash flow, a +140 million positive impact on consolidated net debt and -0.5% on ROCE compared to 2018.

[2] Return on Capital Employed: 12 months operating margin on capital employed at the end of period, excluding antitrust provision, and IFRS 16 of -0.5% in 2019

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Nexans SA published this content on 20 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2020 08:31:04 UTC