Paris, January 26, 2016

Nexans announces, prior to the publication of its 2015 full year results on February 18th, 2016, that:

  • Its net consolidated debt shall at 2015 year end be close to 200 million euros, reflecting a decrease of approximately 250 million euros over one year, after approximately 100 million euros of cash out for restructuring.
  • The Group shall record asset impairments of approximately 150 million euros
    (of which roughly two thirds of goodwill and intangible assets and one third of tangible and deferred tax assets), following amongst other factors the new drop of the prices of commodities (in particular Oil & Gas and mining) over the second semester 2015. This non cash charge shall impact in similar proportions the net consolidated result of the Company.

Nexans SA issued this content on 26 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 07:47:18 UTC

Original Document: http://www.nexans.com/eservice/Corporate-en/navigatepub_142506_-34894/Net_debt_and_asset_impairments_for_2015.html