Nexans Posts Strong 2025 Results, Completes Portfolio Rotation
Event summary
- Nexans reported 2025 revenue of €6.1 billion, with organic growth of +8.3%, exceeding mid-term guidance.
- Adjusted EBITDA margin increased to 11.9%, up 161 basis points year-over-year.
- Nexans entered exclusive negotiations to sell Autoelectric to Samvardhana Motherson for €207 million.
- The company acquired Cables RCT in Spain and Electro Cables in Canada in 2025.
- Recycled copper content reached 19.3%, progressing toward the 2028 target of 25%.
The big picture
Nexans' strong 2025 results reflect its strategic focus on electrification and operational excellence. The completion of its portfolio rotation with the sale of Autoelectric marks a significant shift toward becoming a pure-play electrification company. The company's investments in sustainability and circular economy initiatives position it well in the broader energy transition, though it faces challenges in maintaining growth momentum in a potentially more volatile 2026.
What we're watching
- Execution Risk
- Whether Nexans can sustain its high organic growth rates in 2026, particularly in the PWR-Transmission segment, which saw exceptional growth in 2025.
- M&A Strategy
- The pace at which Nexans will integrate its recent acquisitions and whether these will contribute to its profitability as expected.
- Sustainability Goals
- How Nexans will progress toward its 2028 target of 25% recycled copper content, given its current trajectory.
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