Earnings release
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Nexans ELECTRIFY THE FUTURE PRESS RELEASE NEXANS : SELECTIVE GROWTH SUPPORTING 2021 PERFORMANCE • Steady sales growth despite challenging supply chain environment • 2021 guidance confirmed • First M & A milestone of Nexans 2022-2024 strategic ambition to Electrify the Future о + 8.2 % year - on - year standard¹ revenue organic growth² in the first nine months of 4,494 million euros , reflecting dynamic recovery and selective growth in line with SHIFT transformation and despite challenging supply chain environment . In the third quarter , Group standard sales up + 0.4 % compared to third quarter 2020 at 1,382 million euros о Current sales land at 5,448 million euros in the first nine months of the year , up + 27.2 % alongside copper price inflation Successful monitoring of supply chain challenges with no material margin impact due to raw material shortage and cost inflation Demand drives healthy backlog growth ( + 9 % year - on - year ) across all businesses ; with Subsea High - Voltage adjusted backlog at 1.5 billion euros³ Nexans Aurora inauguration and Charleston US high voltage plant commissioned to support the energy transition . Nexans 2022-2024 strategic ambition to Electrify the Future : groundwork initiated with the agreement to acquire Centelsa in Colombia4 Confirmed 2021 guidance 5 supported by selective sales growth , fixed costs reductions and SHIFT Performance program achievements Paris , November 3 , 2021 - Today , Nexans published its financial information for the third quarter of 2021 . Commenting on the Group's achievements , Christopher Guérin , Nexans ' Chief Executive Officer , said : " Nexans confirms its solid trajectory and topline momentum supported by new value creation levers around its mission : Electrify the future . Thanks to our amplified solutions , we have initiated our strategic ambition 2022-2024 and reached first successes as our backlog is steadily up year - on - year and we confirm our 2021 financial guidance upgraded in July . Nexans has a sound and clear roadmap to become the Pure player of Electrification . In the last weeks , we have : 1. Inaugurated with our key stakeholders our new vessel Nexans Aurora , an important enabler to build a safer , more sustainable and inclusive global energy system . This leading - edge vessel will contribute to unlocking the huge potential of offshore renewable energy and subsea interconnection alongside our unique subsea cable manufacturing plant in Charleston , USA . 2. Reached a first milestone of our new strategic ambition by announcing September 10th a Share Purchase Agreement with Xignux SA to acquire Centelsa4 , a premium cable maker in Latin America . This world class and iconic South American operation will further contribute to Nexans ' ability to serve renewable projects in the Andean Region . 3. Continued to launch innovations to support further value creation while also reinforcing our ESG commitments by hosting Nexans ' second Climate Day and proposing the election of Laura Bernardelli as an independent director to the shareholders ' meeting . Nexans strives to best serve customer needs while engaging in a better future and focusing on value growth for all its stakeholders . " 1 To neutralize the effect of fluctuations in non - ferrous metal prices and therefore measure the underlying sales trend , Nexans also calculates its sales using standard prices for copper ( standard price at 5,000 € / t ) and aluminum ( standard price at 1,200 € / t ) . 2 The first nine months of 2021 sales figure used for like - for - like comparisons corresponds to sales at standard non - ferrous metal prices , adjusted for the effects of exchange rates and changes in the scope of consolidation . Exchange rates and changes in the scope of consolidation impacted sales at standard non - ferrous metal prices by + € 5m and - € 152m respectively . 3 Adjusted subsea backlog including contracts secured not yet enforced . 4 Subject to regulatory approval . 5 Guidance confirmed for EBITDA , ROCE and FCF . 1/7