Nexans

JEME Capital is proud to present our Equity Research on Nexans, a French company specialized in electrification solutions and one of Europe's leading cable producers, with more than 20 years of experience supporting efficient energy and data transmission. Our report highlights the main investment drivers behind Nexans' long-term strategy: full focus on Electrification under the “New Nexans Plan” as the core revenue engine; strategic divestments, including the exit from South America and other non-core activities, aimed at improving margins and reinforcing the company's position in Europe; strong market momentum, with a share price increase of 20.59% supported by investor optimism and the recent CEO transition; and a target price of EUR 138.88, implying 8.76% upside and supporting a Hold rating with a balanced risk-return profile.

Nexans is well positioned to benefit from structural electrification megatrends while maintaining execution discipline and sustainable growth. Our Hold rating and 12-month target price of EUR 138.88 reflect a balanced risk-return profile as the company executes its strategic repositioning.