May 7 (Reuters) - Nexans SA NEXS.PA :
* Q1 STANDARD SALES OF 1,569 MILLION EUROS, REPRESENTING ORGANIC GROWTH OF -0.1% YEAR-ON-YEAR
* CHINA BACK TO FULL OPERATIONS, EUROPE AND NORTH AMERICA IMPACTED BY PARTIAL LOCKDOWNS
* ON CORONAVIRUS: STRONG ACTIONS TO COPE WITH THE SANITARY CRISIS AND TO PRESERVE LIQUIDITY
* THE BOARD OF DIRECTORS HAS DECIDED NOT TO PROPOSE AT THE NEXT ANNUAL SHAREHOLDERS' MEETING THE PAYMENT OF A DIVIDEND FOR 2019
* NEXANS HAS SUFFICIENT LIQUIDITY FOR ITS OPERATIONS AND FORESEEN FINANCIAL COMMITMENTS, WITH NO DEBT REPAYMENTS DATE BEFORE 2021
* GROUP HAS TAKEN STRONG MEASURES TO DRASTICALLY REDUCE WORKING CAPITAL AND PRESERVE CASH
* ON CORONAVIRUS: NEGOTIATIONS ARE UNDERWAY TO SECURE A 280 MILLION EUROS BANK LOAN GUARANTEED BY THE FRENCH STATE
* NON-STRATEGIC CAPITAL SPENDING WILL BE REDUCED TO A MINIMUM
* NEXANS LIQUIDITY POSITION STANDS AT A SOUND 1.0 BILLION EUROS AS OF MARCH 31ST, 2020 INCLUDING A 600 MILLION EUROS UNDRAWN REVOLVING CREDIT FACILITY
* REDUCED FIXED COMPENSATION BY 30% REDUCTION FOR THE BOARD OF DIRECTORS AND CEO, AND BY 15% FOR EXECUTIVE COMMITTEE