AlphaValue cuts Nexans EPS targets ahead of planned divestment
Nexans (-0.29%, to 137.10 euros) is losing ground on the Paris Bourse after AlphaValue revised its earnings per share targets downwards for the 2026 and 2027 fiscal years.
Analysts maintained their accumulate rating and price target of 149 euros on the power and data transmission cable manufacturer.
However, 2026 earnings per share are now projected at 5.76 euros, down 32.7% from the previous estimate of 8.56 euros. For 2027, EPS is now expected to reach 6.57 euros, compared to a previous forecast of 9.56 euros (-31.2%). Analysts cited the upcoming divestment of the Industry & Solutions division to justify the revision.
Nexans is a key driver for the world's transition to a more connected and sustainable energy future. For over 120 years, the Group has brought energy to life by providing customers with advanced cable technologies for power and data transmission. Today, Nexans goes beyond cables to offer customers a complete service that leverages digital technology to maximize the performance and efficiency of their critical assets. The Group designs solutions and services along the entire value chain in three main business areas: Building & Territories (including utilities and e-mobility), High Voltage & Projects (covering offshore wind farms, subsea interconnections, land high voltage), and Industry & Solutions (including renewables, transportation, oil and gas, automation, and others).
Nexans employs nearly 25,700 people with an industrial footprint in 41 countries and commercial activities worldwide. In 2025, the Group generated EUR 7.8 billion in net sales.
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