Nexans on growth course
Nexans's strategy for 2018-2022 is focused on growth.
The latest strategic plan 2015-2017 "Nexans in motion " delivered the expected results. The ROCE has doubled from 5.5% to over 11% in 3 years, despite the various global crises.
But new societal challenges also create opportunities such as the energy transition, eco-mobility and data transmission.
By 2022, Nexans is seeking to increase its revenue from its current operations by 25%, to increase EBITDA by ~ 50% to ~ EUR 600 m, and ROCE of more than 15%.
With a healthy balance sheet, this should enable sales of EUR 1.5 to 2 bn.