Q1 2024: press release
“2024 is off to a good start with record first quarter standard sales. Our Electrification businesses drive growth, up +6.7% organically year-on-year, supported by double-digit growth in Generation & Transmission, coupled with sustained momentum in Distribution and Usage segments. We are accelerating our Electrification pure player strategy with the planned acquisition of the iconic La Triveneta Cavi which will enhance our portfolio in Italy and will have a high-single-digit accretive impact on earnings per share from year one.
This quarter reflected strong trends in Electrification, the strength of our solutions, as well as the engagement of our teams reaching a record 78% rate, showing that Engagement leads to performance.
We remain committed to delivering value to our shareholders and customers as we continue to execute our strategy, and we are confident in our ability to achieve another year of performance.”
Christopher Guérin, Nexans’ Chief Executive Officer