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Nexans 2025 Earnings Surge 27%, Dividend Up 11.5% on Electrification Growth

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Nexans reported exceptional 2025 financial results, with adjusted EBITDA rising 27.3% to €728 million and margins expanding to 11.9%. The cable systems company completed its transformation into a focused electrification player, achieving 8.3% organic growth and €6.1 billion in standard sales. The fourth quarter showed particularly strong momentum with 11.8% organic growth.

Net income climbed 26.6% to €358 million, while free cash flow surged 94.1% to €344 million, representing a 47.3% cash conversion rate. The company significantly reduced net debt to €266 million from €681 million in 2024. Segment performance varied, with PWR-Transmission showing exceptional 40% organic growth while PWR-Grid and PWR-Connect delivered more moderate results.

CEO Julien Hueber highlighted the company's successful portfolio rotation, with exclusive negotiations for the sale of Autoelectric underway. The Board proposed an 11.5% dividend increase to €2.90 per share, reflecting confidence in Nexans' financial position. For 2026, the company provided guidance slightly below analyst expectations, projecting adjusted EBITDA between €730 million and €810 million.