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Nexans upgrades guidance for EBITDA in 2021

Upon a first half year in which revenue and operations beat analyst forecasts, the French cable company dials up expectations.

Photo: Nexans PR

French cable manufacturer Nexans expects increased earnings before interest, taxes, depreciations and amortizations in 2021.

The company now banks on an EBITDA result of EUR 430-460m compared to the previous estimate of EUR 410-450m. Analysts expect a result of EUR 444.4m, according to Bloomberg News.

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