NKT updates financial outlook for 2023

Company Announcement

15 August 2023
Announcement No. 25

Based on the financial performance so far in 2023, the financial outlook for the full-year is updated.

Revenues (std. metal prices) are still expected to be approx. EUR 1.8-1.9bn, while operational EBITDA is now expected to be approx. EUR 215-245m (previously approx. EUR 200-230m).

The financial outlook is subject to several assumptions including:

• Satisfactory execution of high-voltage investments and projects
• Satisfactory offshore power cable repair work activity
• Limited financial impact due to the uncertain global macroeconomic and geopolitical environment, supply-chain challenges, and the high inflationary pressure
  
  

The Q2 2023 Interim Report is still planned to be released on 16 August in accordance with NKT’s financial calendar.

Contact

Investor Relations:         Michael Nass Nielsen, Head of Investor Relations, Tel.: +45 2494 1654
Press:                           Louise W. Naldal, Head of Group Communications, Tel: +45 2982 0022

Attachment

• Company announcement_financial outlook 2023_UK