Skip navigation

Nexans autoelectric Group boosts turnover again despite a difficult market environment

Floß, February 2019. With 457 million Euro, the Nexans autoelectric Group succeeded in increasing its turnover by more than four per cent over the previous year. According to management, this is all the more remarkable in light of the weak Chinese car market and the decline in new registrations of cars within the EU in the wake of WLTP.  This positive sales development can be attributed above all to series ramp-ups in the segments of engine equipment and high voltage cabling for electric vehicles and plug-in hybrids. The automotive supplier considers the recently completed major order for the equipment of a pure electric vehicle as further proof of the great trust that OEMS place in the company, especially in this future-oriented technology. The order package is the largest ever in the company's history and will lead to a considerable increase in the e-mobility business area from 2020.

The Group grew worldwide from 900 employees to over 11,000 employees. At the end of the year, the fourth local production plant was opened in Mexico, including a logistics and service center. Business in the North American market grew significantly last year and the company also expects substantial sales growth there in 2019.

For the current year, the Upper Palatinate automotive supplier once again anticipates a marked increase in sales despite the cautious forecasts for worldwide automobile sales.