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Nexans: GSI Project Schedule Revised, Delivery Date Affected

Published January 7, 2026, 11:38
Nexans: GSI Project Schedule Revised, Delivery Date Affected

Nexans announced that the schedule for the Great Sea Interconnector (GSI) project is being revised, which will impact the delivery date. The company is working closely with its client to assess the best available options for a revised schedule, while assuring that it continues to execute the project according to its contractual obligations since 2023. Despite the change in the delivery date, Nexans estimates that its financial forecasts for 2028 will not be affected, thanks to its large backlog and proactive measures taken since 2026. Nexans CEO Julien Hueber stated that the company remains committed to completing the project and is managing the situation with discipline. The new financial forecasts for 2026 will be announced on February 19, 2026.