Nexans has risen to prominence with multi-billion-euro HV subsea wins and next-gen cable-laying vessels, pivoting to higher-margin, tech-intensive electrification segments while accelerating sustainability and grid investments. The company targets growth through focused expansion in HV subsea and distribution, innovation in cable systems, disciplined capital allocation, and risk-aware execution to capture rising demand for electrification and offshore wind connections.
Cyborg Score Rationale
In 2024, Nexans's revenue was 8.55 billion, an increase of 9.70% compared to the previous year, with earnings up 26.24%. Capital expenditure remains elevated to expand HV capacity and support delivery, with new capacity additions at Halden, Norway planned through 2024-2026. Strong positioning in renewable energy and grid modernization provides robust growth tailwinds.
Top Insights
Nexans acquired Electro Cables (Canada) on December 17, 2025, strengthening its low-voltage solutions portfolio.
Nexans delivered outstanding H1 2025 results with +4.9% organic growth driven by electrification businesses (+7.8% organic growth) and record EBITDA.
The company has a second Nexans Electra vessel coming online to increase installation throughput, supporting backlog execution.
Nexans operates three main business areas: Building & Territories, High Voltage & Projects, and Industry & Solutions.
Named Competitors
Prysmian — World's largest cable manufacturer
Mersen — Electrical equipment and specialty materials
Rexel — Electrical distribution and solutions
Recent Developments
(January 2026) Appointment of Vincent Piquet as Chief Financial Officer
(January 2026) New Executive Committee organization announced to position company as global pure player of electrification
(December 2025) Acquisition of Electro Cables Inc. to strengthen Canadian low-voltage cable solutions
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