耐克森2012 半年财报.pdfVIP

9 Press release 2012 First Half-Year Results 1) 1) • Sales organic growth of 3.4% excluding Transmission, +0.2% for the Group • Operating margin rate at 3.6%2) • Plan implemented allowing a gradual return to normal production of submarine high voltage cables • Net debt at 678 million euros after acquisition of AmerCable and seasonal effect of working capital needs • Increase of the operating margin rate expected for the second half of 2012 Paris, July 25, 2012 – The Nexans Board of Directors met on July 24, 2012, under the chairmanship of Frédéric Vincent, to approve the Group’s consolidated financial statements for the first half of 2012. Sales for the first half of 2012 totaled 3.577 billion euros compared with 3.527 3) billion euros for the first half of 2011. At constant non-ferrous metal prices , sales amount to 2.398 billion euros compared with 2.287 billion euros for the first half of 1) 1) 2011, that is a 0.2% organic growth (3.4% excluding Transmission) The operating margin comes to 87 million euros, or 3.6% of sales at constant non- ferrous metal prices, compared with 5.1% in 2011. The difference is primarily attributable to the deterioration in the profitability of Transmission activities whereas the profitability of the other businesses improved slightly. The 2012 first-half operating profit comes to 74 million euros. Operating income was negative 81 million euros in the first half of 20