NKT announces preliminary Q3 2023 financial figures and increases financial outlook for 2023
30 Octobre 2023 - 10:05PM
NKT announces preliminary Q3 2023 financial figures and increases
financial outlook for 2023
Company Announcement
30 October 2023 Announcement No. 29
NKT announces preliminary Q3 2023 financial figures and
increases financial outlook for 2023
NKT provides preliminary financial figures for Q3 2023 and as a
result of continued strong financial performance the financial
outlook for 2023 is updated.
Preliminary and unaudited financial figures for Q3
2023The preliminary revenues (std. metal prices) for Q3
2023 are EUR 501m (EUR 358m in Q3 2022) and preliminary operational
EBITDA for the same period is EUR 76m (EUR 35m in Q3 2022).
The improved financial figures compared to Q3 2022 were driven
by satisfactory execution across Solutions and Applications.
Utilization of the expanded capacity in Solutions increased
revenues and earnings as execution of the company’s record-level
high-voltage order backlog continued. In Applications, steady
demand in the power distribution grid segment drove higher revenues
and earnings. In Service & Accessories, the financial figures
were below the same period of last year, reflecting less service
repair activity.
Updated financial outlook 2023Based on the
financial performance so far in 2023, the financial outlook for the
full-year is updated.
Revenues (std. metal prices) are expected to be approx. EUR
1.85-1.9bn (previously approx. 1.8-1.9bn) and operational EBITDA is
expected to be approx. EUR 240-260m (previously approx. EUR
215-245m).
The financial outlook is subject to several assumptions
including:
- Satisfactory execution of high-voltage projects
- Limited financial impact due to the uncertain global
macroeconomic and geopolitical environment, supply-chain
challenges, and the high inflationary pressure
The updated 2023 financial outlook does not change the
previously communicated medium-term financial ambitions and the
indicated trajectory in 2024 and 2025.
The Q3 2023 Interim Report is still planned to be released on 8
November 2023 in accordance with NKT’s financial calendar.
Contact
Investor Relations:
Michael Nass
Nielsen, Head of Investor Relations, Tel.: +45 2494 1654Media
Relations: Louise W.
Naldal, Head of Group Communications, Tel: +45 2982 0022
- Company announcement - financial outlook 2023 - final
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