Floß, August 2018. The positive sales development in global automotive markets lead to a higher growth than originally predicted for the Nexans autoelectric group. With a turnover of 236 Million Euros in the first six months the Upper Palatinate automotive supplier realized four percent more turnover than in the reference period of the previous year. Focusing on the equipment of premium vehicles and the good market position concerning E-Mobility contributed significantly.
Overall the international business group grew by 800 employees to 10.700. In Germany Nexans autoelectric has a number of offices in close proximity to customers besides headquarters in Floß. The company expects the development and system responsibility to grow further and thus the need for technically well-trained employees to increase.
With a number of new orders starting and technical innovations the company wants to expand its leading market position with wire harnessing for all-electric as well as plug-in vehicles.
For the complete fiscal year general management is anticipating a sales growth of about four percent compared to 2017.