NKT — Earnings Release 2023

Aug 15, 2023

NKT updates financial outlook for 2023

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