From GlobeNewswire: 2024-11-14 01:30:00

NKT A/S reported a 25% organic growth and record-high operational EBITDA in Q3 2024. Revenue reached EUR 657m, up by EUR 156m compared to Q3 2023. The company expects to conclude 2024 at the upper end of ranges, with revenue around EUR 2.33-2.43bn and operational EBITDA around EUR 310-345m.

The financial outlook for NKT A/S in 2024 remains strong, with expectations of ending the year at the upper end of projections. Revenue (in std. metal prices) is anticipated to be approximately EUR 2.33-2.43bn, while operational EBITDA is expected to be around EUR 310-345m. Assumptions include stable market conditions and supply chain.

NKT A/S reaffirmed its commitment to reach net-zero greenhouse gas emissions by 2050. The company secured approval from the Science Based Target Initiative for its net-zero target in Q4. The construction of a new high-voltage factory in Karlskrona is progressing on schedule, with the completion of the third extrusion tower in November 2024.

NKT A/S hosted a teleconference for investors and financial analysts on 14 November 2024 at 10:00am CEST. The company emphasized its strong financial performance in Q3 2024, with double-digit revenue growth and record-high operational EBITDA. The presentation used during the call is available on investors.nkt.com.



Read more at GlobeNewswire:: NKT A/S Interim Report Q1-Q3 2024: 25% organic growth and