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Paris, June 2, 2005 - The Annual Shareholders' Meeting of Nexans, held on June 2 and presided by Gérard Hauser, Chairman and CEO, approved the payment of a dividend of 0.50 euro per share, compared to 0.20 euro per share in 2004. The dividend is scheduled to be paid on Tuesday, June 7, 2005.
Commenting on the outlook for the Group in 2005, Gérard Hauser said: "At June 30, 2005*, Nexans' sales should have increased by about 2 to 3% at constant copper prices and exchange rates. The operating margin should be approximately 3% (compared to 2.6% in 2004) and our net income should grow, excluding non recurring events. For the first semester 2005, the increase in our net debt, which is usual at this period of the year, should be lower than for the first semester 2004. For the full year, we generally confirm the outlook announced in February."
The proposed resolutions submitted for vote at the meeting were approved with the exception of resolutions 9 and 14 relating respectively to issuances of securities not subject to preferential voting rights and granting of free shares to employees.
* Estimated IFRS impacts included
Financial Calendar
- June 16, 2005 : Individual shareholders' information meeting in Toulon
- July 21, 2005 : Publication of 2005 first-half sales and results
- October 18, 2005 : Publication of 2005 third quarter sales
- November 14, 2005 : Individual shareholders' information meeting in Grenoble
- December 5, 2005 : Individual shareholders' information meeting in Lille
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