Nexans S.A.

Nexans repurchased a total of 6,449 of its own shares over the two trading days from July 30 to July 31, 2026, under its share buyback program published on April 2, 2026. On July 30, the company bought 3,449 shares at a volume-weighted average price of 128.1507 euros, and on July 31, it acquired 3,000 shares at an average price of 134.1566 euros. All transactions were executed on the XPAR market by investment service provider Natixis and are intended for purposes under Article 5, Section 2c of the relevant regulation.

Nexans raised its full-year 2026 guidance following first-half results that showed organic growth of 4.5% in its Electrification businesses and an adjusted EBITDA margin of 13.2% of standard sales. The company now expects adjusted EBITDA of €770 to €840 million, up from a previous range of €730 to €810 million, and free cash flow of €235 to €325 million, up from €210 to €310 million. Standard sales reached €3,248.6 million, up 5.0% including 1.5% organic growth and a 3.8% contribution from acquisitions, while group adjusted EBITDA rose 4.3% to €387.7 million. The guidance upgrade reflects the early June acquisition of U.S.-based Republic Wire, which expands Nexans' footprint in the American market, and does not assume execution of the Great Sea Interconnector project in 2026. Net income from continuing operations was €122.8 million, down from €143.3 million a year earlier, while free cash flow came in at €165.5 million.

Nexans and Hydro have signed a five-year agreement for the supply of approximately 85,000 tonnes of low-carbon aluminium wire rod to support Europe's grid modernisation. The aluminium, produced using 100% renewable energy in Norway, will be used across Nexans' European operations in power cable solutions for medium-voltage grids, overhead transmission lines and subsea high-voltage infrastructure. The deal provides long-term supply security for Europe's growing electricity infrastructure needs while reducing embedded emissions, as the Hydro REDUXA material has a verified carbon footprint below 4.0 kg CO₂ per kg aluminium, less than one-third of the global average. The agreement runs until 2030 and aligns with Hydro's recent investment to expand aluminium wire rod capacity at its Karmøy smelter in Norway. Both companies emphasised that such partnerships are critical for resilient and sustainable supply chains as Europe accelerates its energy transition.