Nexans : 2014 Full-Year Results

    Despite a difficult environment, the Group moved ahead with the transformation process and strategic initiatives, which contributed 73 million euros to the 148 million euro operating margin
    Group Net loss of 168 million euros due to the recognition of a non-recurring 197 million euro net asset impairment, notably for goodwill in Australia, North America and Brazil
    Net debt of 460 million euros at the year-end, up 123 million euros after payment of a fine for 71 million euros and restructuring costs of 77 million euros
    Acceleration and consolidation of strategic initiatives with a view to boosting the Group's competitiveness, including the launch of studies of projects having as their goals an overall savings in fixed costs of 100 million euros

Nexans remains confident in its ability to achieve its strategic initiatives. In view of the extremely volatile economic environment, Nexans will no longer provide financial guidance, and accordingly, guidance given in 2014 is obsolete.

Today, Nexans published its financial statements for the year ended December 31, 2014, as approved on February 12, 2015 by the Board of Directors under the Chairmanship of Frédéric Vincent.































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