Nexans First Half 2024 Earnings: EPS: €3.98 (vs €3.03 in 1H 2023)

Nexans (EPA:NEX) First Half 2024 Results

Key Financial Results

• Revenue: €4.22b (up 5.4% from 1H 2023).
• Net income: €174.0m (up 32% from 1H 2023).
• Profit margin: 4.1% (up from 3.3% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: €3.98 (up from €3.03 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nexans Earnings Insights

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electrical industry in France.

Performance of the French Electrical industry.

The company's shares are up 13% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Nexans.

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