Nexans reported consolidated earnings results for the first half ended June 30, 2015. For the period, the company reported net sales of EUR 3,271 million, operating loss of EUR 4 million, loss before income taxes of EUR 49 million, net loss from continuing operations was EUR 59 million, net loss attributable to owners of parent of EUR 58 million or EUR 1.35 per basic and diluted share against net sales of EUR 3,216 million, operating income of EUR 91 million, income before income taxes of EUR 38 million, net income from continuing operations was EUR 24 million, net income attributable to owners of parent of EUR 25 million or EUR 0.59 earnings per diluted share a year ago. Net cash from operating activities was EUR 65 million against net cash used in operating activities of EUR 138 million a year ago.

Capital expenditure was EUR 74 million against EUR 71 million a year ago. Net debt was EUR 531 million against 607 million a year ago. EBITDA was EUR 167 million against EUR 147 million a year ago primarily reflecting the improved product mix and lower fixed costs.

This reduction in net debt was mainly attributable to the sharp EUR 293 million decrease in working capital which more than offset the impact of cash disbursements linked to the European fine in July 2014 (EUR 71 million) and those relating to restructuring (EUR 99 million).