NEC is trading at €26.70, down -4.95%, amid concerns over its FY2027 free-cash-flow outlook.
- NEC forecasts ¥90 billion in negative free cash flow for FY2027, primarily reflecting CSG acquisition-related outflows; integration costs were also identified as an investor concern.
- After strong first-half results, NEC raised revenue and operating-profit guidance.
- Supplied market indices were flat, providing no broad-market explanation for the decline.