Nexans: S&P Global Ratings upgrades Nexans to BB+
16 Février 2022 - 8:28AM
Nexans: S&P Global Ratings upgrades Nexans to BB+
PRESS RELASE _
NEXANS: S&P GLOBAL RATINGS
UPGRADES NEXANS TO
BB+
- Nexans
solid results, successful
transformation and sound
balance sheet support
rating upgrade to
BB+
-
New record low Net Debt at 74 million
euros
- Outstanding
Free Cash Flow of 179 million euros
Paris,
February 16,
2022 – Today, Nexans is proud to
announce that S&P upgraded Nexans’ rating to BB+ from
previously BB.
In 2021, the Group exceeded expectations,
notably reaching 179 million euros free cash flow and a new record
low net debt at 74 million euros, supported by strict working
capital management and cash generation mindset.
Nexans’ rating raised to BB+ on the Group’s
long-term issuer credit and senior unsecured notes. Outlook remains
stable.
Commenting on the news, Jean-Christophe
Juillard, Nexans’ Chief Financial Officer, said: “S&Ps rating
upgrade evidences the Group’s successful transformation
strengthening its Balance Sheet since 2019. As Nexans is building
its new strategic roadmap to become an Electrification Pure Player,
this recognition is key to support our ambition.”
Rating is available on S&P Global Ratings
website www.spglobal.com/ratingsdirect and on Nexans
website www.nexans.com/finance
About Nexans
For over a century, Nexans has played a crucial
role in the electrification of the planet and is committed to
electrify the future. With around 25,000 people in 42 countries,
the Group is leading the charge to the new world of
electrification: safe, sustainable, renewable, decarbonized and
accessible to everyone. In 2021, Nexans generated 6.1 billion euros
in standard sales.The Group is a leader in the design and
manufacturing of cable systems and services across four main
business areas: Building & Territories, High Voltage &
Projects, Industry & Solutions and Telecom & Data. Nexans
is the first company of its industry to create a Foundation
supporting sustainable initiatives bringing access to energy to
disadvantaged communities worldwide. The Group pledge to contribute
to carbon neutrality by 2030.
Nexans. Electrify the future.
Nexans is listed on Euronext Paris, compartment
A.For more information, please visit
www.nexans.comwww.nexans.com
Contacts:
Investor relationsAurélia
Baudey-VignaudTel.: +33 (0)1 78 15 03
94aurelia.baudey-vignaud@nexans.com |
CommunicationMinaa El Baz Tel.: +33 (0)1 78 15 04
65 minaa.el_baz@nexans.com |
Elodie
Robbe-MouillotTel.: +33 (0)1 78 15 03
87elodie.robbe-mouillot@nexans.com |
|
- NEXANS_S&P GLOBAL RATINGS UPGRADES NEXANS TO BB+
Nexans (EU:NEX)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Nexans (EU:NEX)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024