NKT A/S Q1 2025 Interim Report: 11% Organic Growth and EUR 81m EBITDA

NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m. Revenue increased to EUR 630m, a 11% organic growth YoY. Operational EBITDA increased to EUR 81m from EUR 75m YoY. The financial outlook for 2025 remains unchanged, with revenues expected to be EUR 2.37-2.52bn and operational EBITDA at EUR 330-380m.

Copenhagen, Denmark - NKT A/S, a leading provider of high-voltage cables and systems, has released its Q1 2025 interim report, showcasing strong financial performance. The company reported an 11% organic growth in revenue, reaching EUR 630m, and an operational EBITDA of EUR 81m, an increase of EUR 6m from the previous year. These results underscore NKT's commitment to business excellence and strategic focus on supporting the energy transition.

The financial highlights for Q1 2025 include:

- Revenue: EUR 630m, up 11% year-over-year (YoY)
- Organic Growth: 11% YoY
- Operational EBITDA: EUR 81m, up 6m YoY
- Operational EBITDA Margin: 12.9%, down 1.2 percentage points YoY

The company's CEO, Claes Westerlind, noted, "In Q1 2025, NKT continued the execution of high-voltage projects, delivering organic revenue growth of 11% and operational EBITDA of EUR 81m. We executed on our ongoing investments across production sites and announced the completion of medium-voltage capacity expansions in Falun and Velke Mezirici."

NKT's financial outlook for 2025 remains unchanged, with revenues expected to be EUR 2.37-2.52bn and operational EBITDA projected at EUR 330-380m. The outlook is based on several assumptions, including satisfactory execution of high-voltage investments, stable market conditions, and normalised offshore power cable repair work activity.

NKT's strong performance is driven by the growth in its Solutions and Applications segments, while Service & Accessories revenue was below the level of Q1 2024 due to a large scope of offshore repair work on a legacy service agreement. The company's high-voltage order backlog stood at EUR 10.7bn at the end of Q1 2025, indicating robust demand for its products.

NKT's robust balance sheet, with net interest-bearing debt of EUR -953m, and free cash flow of EUR -308m, reflect the company's commitment to maintaining financial stability while investing in growth opportunities.

NKT A/S will host a teleconference for investors and financial analysts at 10:00am CEST on 9 May 2025. For more information, please visit investors.nkt.com.

References:
[1] https://www.globenewswire.com/news-release/2025/05/09/3077943/0/en/NKT-A-S-Q1-2025-Interim-Report-11-organic-growth-and-EBITDA-of-EUR-81m.html
[2] https://www.prnewswire.com/news-releases/interim-report-january---march-2025-sinch-ab-302449713.html
[3] https://finance.yahoo.com/news/corpay-inc-cpay-q1-2025-072254772.html