NKT Holding Interim report 3rd Quarter 2011

NKT's revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For NKT Cables, the factory in Cologne showed improved productivity but continued to impact earnings negatively. The net interest bearing debt decreased by 169 mDKK, corresponding to 5.0x the last 12 months' operational EBITDA

 | Source: Nkt A/S Nkt A/S

NASDAQ OMX Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

15 November 2011, Release No. 15
 

3rd quarter 2011 compared with 3rd quarter 2010

  • Revenue was 3,912 mDKK, an increase of 187 mDKK corresponding to an organic growth of 1%
  • The operational EBITDA was 315 mDKK, an increase of 40 mDKK or 15%
  • The operational EBITDA margin in standard prices was 10.4%, an increase of
    1.1%-points 
     

Expectations for 2011

  • The expected organic growth in revenue remains at approx. 5%
  • Expected earnings (EBITDA), previously 1,000-1,100 mDKK, can now be more precisely stated at approx. 1,000 mDKK.  

NKT’s Interim Report for the 3rd Quarter 2011 will be presented on 15 November at 11:00 GMT+1 at First Hotel Skt. Petri, Krystalgade 22, DK-1172 Copenhagen. The presentation will include a conference call and will be webcast live.


Contact: Michael Hedegaard Lyng, Group Executive Director, CFO, Tel. +45 4348 3203

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NKT Holding A/S is one of Denmark's major industrial groups with 9,800 employees at 30 September 2011 and a turnover in 2010 of 14.5 bnDKK. The group consists of NKT Cables (the energy sector), Nilfisk-Advance (the cleaning industry), Photonics Group (the optical industry) and the 51% owned NKT Flexibles (the offshore sector). Read more at www.nkt.dk.

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