Nexans: disappointing beginning of the year
Nexans achieved sales of 1,538 m EUR in the first quarter of 2018, based on current metal prices (minus 2% compared to the previous year).
Calculated with constant metal prices, sales amount to 1,028 m EUR (down 9.6% on the previous year).
Arnaud Poupart-Lafarge, the CEO comments on the results as follows:
Cable activities have now picked up pace after a disappointing start to 2018, pointing to a gradual improvement as the year goes on.Also during the first three months of the year, under our new organizational structure, we have started to implement our "Paced for Growth" strategic plan, whose targets are confirmed.