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4-Traders Homepage  >  Equities  >  Casablanca Stock Exchange  >  Nexans Maroc    NEX   MA0000011140

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Nexans Maroc : Nexans announces the creation of the ‘Nexans Foundation’

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03/29/2013 | 05:32pm CET

Paris, March 25, 2013 - Nexans, a worldwide expert in the cable industry, today announced the establishment of the 'Nexans Foundation', a common platform for all its corporate sponsorship activities, aimed at assisting and supporting Nexans' active and long-term participation in solidarity initiatives across the world.

The Nexans Foundation will focus on two areas of intervention, in line with Nexans' corporate values:

  • Supporting general interest projects of a social and humanitarian nature, by contributing to the fight against energy insecurity and poverty worldwide. The Nexans Foundation will achieve this by providing access to energy, therefore enabling disadvantaged communities to access services that are essential for their human, social and economic development;
  • Preserving the world's cultural heritage through the development and restoration projects of the Public Establishment of the Palace, Museum and National Estate of Versailles.

"A large company such as Nexans is entirely integrated to society and must actively contribute toward the general interest over the long term; we have a role to play in that respect, without of course acting as a substitute for government action," said Frédéric Vincent, Chairman and CEO, Nexans. "Our commitments through the Nexans Foundation further the initiatives that have been taken across the company for many years and reflect our core values. The Nexans Foundation will also aim to involve all Nexans employees in its development and activities."

Note

Current initiatives Nexans is involved with include:

  • Electriciens sans frontières (Electricians without borders (ESF)) - This non-government organization (NGO) contributes to making access to energy a developmental lever for the most disadvantaged communities worldwide, in partnership with Nexans which is supplying low and medium voltage power cables covering 50 per cent of ESF's needs.
  • Palace of Versailles - Declared a World Heritage Site by UNESCO, Nexans agreed to sponsor cables that could be used to help with renovations of the site. So far Nexans has supplied about 550 km of cables, mostly low, medium and high voltage cables and safety cables.
  • Louvre-Lens Museum, Northern France - Nexans donated all the cables for the 28,000 sq.m building premises and 22 hectares of land.
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Financials ( MAD)
Sales 2016 1 749 M
EBIT 2016 66,1 M
Net income 2016 -
Finance 2016 103 M
Yield 2016 4,93%
P/E ratio 2016 10,96
P/E ratio 2017 9,95
EV / Sales 2016 0,12x
EV / Sales 2017 0,09x
Capitalization 305 M
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Number of Analysts 1
Average target price -
Spread / Average Target -100%
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NameTitle
Karim Bennis Chief Executive Officer, Director & MD
Pascal Portevin Chairman
Thomas Wagner Director-Administration & Finance
Selma Alami Director-Information Systems
Abdelaziz Tazi Director
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