Akash Gupta's questions to NXPRF leadership • Q3 2024
Question
Inquired about the underlying market conditions in the Usages and Distribution segments beyond Nexans' internal destocking, and asked about the demand-supply situation for high-voltage cables and potential capacity expansions.
Answer
Distribution demand remains very strong, supported by new CapEx announcements. The Usages segment sees weakness in European residential construction but strength in North American industrial markets. The high-voltage demand-supply situation is very strong, especially in Europe, and is expected to remain so until 2030. Details on capacity expansion will be deferred until the Capital Markets Day.