Nexans-Q1 Sales at 1,043 millions euros (-17% organic)

Nexans reported on wednesday Q1 sales of 1,043 millions euros versus 1,192millions, meaning a decline of 17% in organic. Business Breakdown : 444 millions for Energy Infrastructures vs 441 millions, 196 millions for Industry vs 237 millions, 238 millions for Building vs 294 millions, 48 millions for Telecoms Infrastructures vs 58 millions, 55 millions for Private Networks (LAN) vs 72 millions and 57 millions for Electrical Wires vs 86 millions.

Average figures in ZoneFinance Consensus, based on 7 contributions, were 1,163 millions for global sales, with 473 millions for Energy Infrastructures, 259 millions for Building, 213 millions for Industry, 56 millions for Telecoms Infrastructures and 67 millions for LAN.