Nexans wins wind-farm contract while Nexans stock falls 2.30 percent

Published on 10/08/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue was EUR 4.74 billion, down 13.70 percent year over year. Nexans stock costs EUR 125.45 on October 8, 2026 versus EUR 128.40.

Bauhaus-Poster mit geometrischen Formen und dem Schriftzug ENERGY — Geometrisches Bauhaus-Poster mit dem Wort ENERGY verweist stilistisch auf den Energiesektor von Nexans S.A. FR0000044448, Illustration mit AI erstellt.

Nexans (ISIN FR0000044448) was trading at EUR 125.45 at Lang & Schwarz on October 8, 2026, down 2.30 percent versus the EUR 128.40 prior close. The company won a contract to design, manufacture and test a subsea power export cable for the 219 MW Northwester 2 wind farm off Zeebrugge, Belgium, as World Energy News reported on October 8, 2026. The project comprises 23 turbines and adds a concrete offshore transmission application to Nexans' electrification portfolio.

Northwester 2 adds offshore visibility

Northwester 2 is located 46 kilometers offshore from Zeebrugge, and the contract covers the cable and associated accessories. The source did not disclose a contract value, so the operational scale provides the clearest quantified measure of the announcement.

The market reaction remains separate from the contract announcement. The Lang & Schwarz price was EUR 125.45 at 1:01 p.m. CEST, while the primary Euronext Paris quote context from October 8 showed Nexans below the EUR 131.40 technical support level cited in recent market coverage.

Revenue fell as guidance increased

For the first half of 2026, Nexans reported revenue of EUR 4.74 billion, down 13.70 percent year over year, and adjusted EBITDA of EUR 379.00 million with an 11.90 percent margin, according to Ideal Investisseur in coverage dated October 7, 2026. Net income for the period was EUR 103.00 million, while free cash flow reached EUR 165.50 million.

Management had raised its 2026 adjusted EBITDA outlook to EUR 805.00 million when publishing the first-half results on July 29, 2026, the same report said. That creates a sharper investor tension: revenue declined, but the full-year profitability target is more than twice the first-half adjusted EBITDA result.

The report also identified an unfavorable mix effect in PWR-Connect, where the margin fell to 11.80 percent from 13.60 percent, and organic growth in PWR-Transmission was minus 6.20 percent in the second quarter of 2026. Those figures mark the counterweight to the longer-term offshore and electrification opportunity.

Third-quarter date sets next test

Nexans is scheduled to publish third-quarter revenue on October 22, 2026, according to Investing.com. The company is listed on Euronext Paris under ticker NEX, belongs to the SBF 120 and operates in electrical components and equipment, according to Boursorama.

The next report will show whether the Northwester 2 contract is accompanied by additional order momentum and whether the PWR-Connect mix pressure has eased. Until then, the stock's EUR 109.70 to EUR 169.00 52-week range places the Lang & Schwarz price in the lower half of its annual span.

Stock stays below its yearly midpoint

Nexans had a market capitalization of EUR 5.5 billion as of October 8, 2026, with the stock at EUR 125.45 at Lang & Schwarz in trading. The further course of trading is shown by the continuously updated real-time quote of Nexans stock.