Latest news with #Nexans
Cision Canada
15-07-2025
- Business
- Cision Canada
Nexans Canada Partners with Skills Compétences Canada to Sponsor WorldSkills Team Canada 2026 Français
Nexans is partnering with Skills Compétences Canada (SCC), a not-for-profit organization that actively promotes careers in skilled trades and technologies. Nexans will serve as the presenting sponsor for WorldSkills Team Canada 2026. TORONTO, July 15, 2025 /CNW/ -- Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced its partnership with Skills Compétences Canada (SCC), a not-for-profit organization that actively promotes careers in skilled trades and technologies. As part of the partnership, Nexans will sponsor WorldSkills Team Canada 2026 as they prepare to compete at the 48th WorldSkills Competition, taking place in Shanghai, China, from September 22 to 27, 2026. "At Nexans, we believe that investing in the next generation of skilled trades talent is essential to building a more sustainable and electrified future," said Dixon Lee, Marketing and Innovation Director at Nexans Canada. "We are proud to support Skills Canada and to champion these incredibly talented young individuals. Their passion, perseverance, and commitment to excellence not only inspire us - they represent the driving force behind the innovation and growth that will shape Canada's industries for years to come." WorldSkills Team Canada 2026 will represent the country on the international stage, competing against the world's top young professionals in skilled trades and technology. Each competitor has earned their spot through exceptional talent, dedication, and extensive training. This prestigious event will host approximately 1,500 participants from more than 70 countries and regions, competing in over 60 Skill Areas for the title of world champion in their trade or technology. Through the sponsorship, Nexans reinforces its commitment to cultivating the expertise of the skilled trades for generations to come, empowering Canada's workforce across sectors ranging from energy to manufacturing. This investment will also help to strengthen Canada's competitiveness on the global stage, driving innovation forward as the world becomes even more electrified. The 48th edition of the WorldSkills Competition will be held at the National Exhibition and Convention Center in Shanghai, drawing an estimated 250,000 spectators. Spanning four days, it stands as the world's largest and most esteemed showcase of skilled trades and technology, and is widely regarded as the pinnacle of vocational training and excellence. The official theme for WorldSkills 2026 is: Master Skills, Change Your Future. Throughout the year, Canadians can follow the journey of WorldSkills Team Canada 2026 through the Skills Compétences Canada website and social media platforms. Competitor biographies will be released over the summer, with profiles of WorldSkills Experts and Trainers to follow in the coming months. The full list of Team Canada 2026 Experts and Competitors is available now. To learn more about the event, visit About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the future. Contacts: SOURCE Nexans
Yahoo
15-07-2025
- Business
- Yahoo
Nexans Canada Partners with Skills Compétences Canada to Sponsor WorldSkills Team Canada 2026
Nexans is partnering with Skills Compétences Canada (SCC), a not-for-profit organization that actively promotes careers in skilled trades and technologies. Nexans will serve as the presenting sponsor for WorldSkills Team Canada 2026. TORONTO, July 15, 2025 /CNW/ -- Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced its partnership with Skills Compétences Canada (SCC), a not-for-profit organization that actively promotes careers in skilled trades and technologies. As part of the partnership, Nexans will sponsor WorldSkills Team Canada 2026 as they prepare to compete at the 48th WorldSkills Competition, taking place in Shanghai, China, from September 22 to 27, 2026. "At Nexans, we believe that investing in the next generation of skilled trades talent is essential to building a more sustainable and electrified future," said Dixon Lee, Marketing and Innovation Director at Nexans Canada. "We are proud to support Skills Canada and to champion these incredibly talented young individuals. Their passion, perseverance, and commitment to excellence not only inspire us - they represent the driving force behind the innovation and growth that will shape Canada's industries for years to come." WorldSkills Team Canada 2026 will represent the country on the international stage, competing against the world's top young professionals in skilled trades and technology. Each competitor has earned their spot through exceptional talent, dedication, and extensive training. This prestigious event will host approximately 1,500 participants from more than 70 countries and regions, competing in over 60 Skill Areas for the title of world champion in their trade or technology. Through the sponsorship, Nexans reinforces its commitment to cultivating the expertise of the skilled trades for generations to come, empowering Canada's workforce across sectors ranging from energy to manufacturing. This investment will also help to strengthen Canada's competitiveness on the global stage, driving innovation forward as the world becomes even more electrified. The 48th edition of the WorldSkills Competition will be held at the National Exhibition and Convention Center in Shanghai, drawing an estimated 250,000 spectators. Spanning four days, it stands as the world's largest and most esteemed showcase of skilled trades and technology, and is widely regarded as the pinnacle of vocational training and excellence. The official theme for WorldSkills 2026 is: Master Skills, Change Your Future. Throughout the year, Canadians can follow the journey of WorldSkills Team Canada 2026 through the Skills Compétences Canada website and social media platforms. Competitor biographies will be released over the summer, with profiles of WorldSkills Experts and Trainers to follow in the coming months. The full list of Team Canada 2026 Experts and Competitors is available now. To learn more about the event, visit About NexansFor over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the future. Nexans is listed on Euronext Paris, compartment more information, please visit Contacts: Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91 nexans_h@ Christopher Minardi Tel. : (929) 459-4530 Relations Investisseurs Audrey BourgeoisTel. : +33 (0)1 78 15 00 SOURCE Nexans View original content to download multimedia:
Yahoo
11-07-2025
- Business
- Yahoo
Goldman Sachs upgrades Nexans to Buy on stronger HVDC market
-- Goldman Sachs upgraded French cable maker Nexans (EPA:NEXS) to Buy from Neutral saying a tighter-than-expected supply-demand backdrop for high-voltage direct current (HVDC) systems that could support long-term growth. The bank raised its price target on Nexans shares to €125, implying about 15% upside from current levels. Goldman expects the HVDC market to remain undersupplied beyond 2027, driven by accelerating demand for grid expansion projects across Europe. Its revised forecasts, based on the EU's 2024 Ten-Year Network (LON:NETW) Development Plan, show HVDC demand rising at a 10% compound annual rate through 2032—outpacing supply growth of just 6%. Analysts now see demand exceeding supply by at least 20% from 2027 onwards, with supply additions from new entrants have been slower than initially expected. Nexans, which recently reported a rebound in its order backlog, is seen as a key beneficiary of the supply-constrained market in the medium term, especially given improving utilization and project mix after 2026. Shares in Nexans are up around 25% year-to-date. The company has positioned itself as a major supplier for energy transition infrastructure, including offshore wind and interconnector projects, amid a broader push to modernize Europe's power grid. The HVDC segment has attracted rising investor interest amid growing policy support for grid resilience and decarbonization. Rivals such as Prysmian (BIT:PRY) and NKT have also flagged strong order pipelines and capacity expansions, though Goldman highlighted delays among newer players. Nexans is scheduled to report first-half results later this month. Related articles Goldman Sachs upgrades Nexans to Buy on stronger HVDC market Apple: Citi says June demand pull-in leads to more uncertainties in H2 Is the market too hot? Yardeni weighs risks of correction or worse
Yahoo
02-07-2025
- Business
- Yahoo
Half-year statement on Nexans liquidity contract - January 1st to June 30th, 2025
Half-year liquidity contract statement for Nexans _PRESS RELEASE_ Paris, July 2nd, 2025 – Pursuant to the liquidity contract granted by NEXANS to NATIXIS ODDO BHF, the following assets appeared on the dedicated liquidity account as of June 30th, 2025: 49,612 shares EUR 3,006,649.02 in cash Number of purchase transactions executed over the semester: 6,346 Number of sales transactions executed over the semester: 5,737 Volume traded over the semester for purchase: 944,611 shares for EUR 91,406,765.50 Volume traded over the semester for sales: 922,950 shares for EUR 89,592,331.70 As a reminder, the following assets appeared on the last half-year report as of December 31st, 2024, on the dedicated liquidity account: 27,951 shares EUR 4,821,089.42 in cash Number of purchase transactions executed over the semester: 8,073 Number of sales transactions executed over the semester: 7,051 Volume traded over the semester for purchase: 998,312 shares for EUR 118,098,357.40 Volume traded over the semester for sales: 1,003,865 shares for EUR 118,739,477.10 When the contract was set up, the following assets appeared on the dedicated liquidity account: 0 share EUR 6,000,000 in cash The liquidity contract has been implemented in accordance with AMF decision no. 2018-01 dated July 2nd, 2018, establishing liquidity contracts on equity securities as accepted market practice, and decision no. 2021-01 dated June 22nd, 2021, renewing such establishment. About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the future. Nexans is listed on Euronext Paris, compartment more information, please visit Contacts: CommunicationMael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91nexans_h@ Investor relationsAudrey BourgeoisTel.: +33 (0)1 78 15 00 Attachment Half year liquidity contract statement S1 2025
Associated Press
30-06-2025
- Business
- Associated Press
Nexans completes the sale of Lynxeo to Latour Capital
Paris, June 30th, 2025 – Nexans announces today the completion of the sale of Lynxeo, its industrial cable division, to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million. This transaction represents a key milestone in Nexans' strategy to refocus on its core electrification business and establish itself as a pure player in electrification. Christopher Guérin, Chief Executive Officer of Nexans said: ' The closing of the transaction marks a pivotal milestone in our electrification journey. It will streamline our operations and ensure efficient resource allocation. Our long-term vision for sustainable growth and leadership in the electrification ecosystem starts Latour Capital's expert guidance, Lynxeo's future will shine brightly. Their wealth of experience and strategic insight will undoubtedly catalyze Lynxeo's growth and innovation.' About Latour Capital Latour Capital is an independent French asset management company with an entrepreneurial culture and extensive operational experience. With €4bn under management and a team of thirty professionals, Latour is positioned as an active investor, working closely with the management of its portfolio companies. Focusing on companies with strong growth potential in France and abroad, Latour Capital benefits from the strategic vision of its two active founding partners, Cédric Bannel (founder of among others) and Philippe Léoni (Chairman and CEO of the Spir group for 13 years and co-founder of Leboncoin website, among others), who have brought together a team of Partners with solid operational experience. Latour Capital thus highlights the specialised expertise of its team, with 50% of its partnership now made up of former managers, contributing to the development and growth of its portfolio companies. For more information: About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrifythefuture. Nexans is listed on Euronext Paris, compartment A. For more information, please visit Contacts: Investor relations Audrey Bourgeois Tel.: +33 (0)1 78 15 00 43 [email protected] Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91 [email protected] Olivier Daban Tel. : +33 6 75 02 20 73 [email protected] Attachment
