NKT Annual Report 2010 and strategy 2011-2015

NASDAQ OMX Copenhagen

Nikolaj Plads 6

DK-1007 Copenhagen K

1 March 2011

Release No. 2

NKT Annual Report 2010 and strategy 2011-2015

The Board of Directors of NKT Holding has today approved the NKT Annual Report for 2010. 

For 2010, NKT realized revenue of 14.5 bnDKK, an organic growth of 12% and an operational EBITDA of 985 mDKK. The Group’s result was therefore in line with the year’s EBITDA prediction of approx. 1 bnDKK. 

At the annual general meeting on 23 March 2011 the Board of Directors will propose payment of a dividend for 2010 of 2.0 DKK per share, corresponding to 47 mDKK and 18% of net profit for the year after tax. 

For 2011 NKT expects a rise in organic growth in revenue by approx. 5% and planned earnings (EBITDA) for 2011 at approx. 1,200 mDKK. 

As an integral part of the annual report the strategy 'Powered by NKT' covering the period 2011-2015 is published. From 2010 baseline, the Group is aiming to realize average annual organic growth, CAGR of approx. 7-8%, an operational EBITDA margin of 15% and a return on invested capital of 20%. 

The Annual Report has been released via NASDAQ OMX Copenhagen, available on www.nkt.dk.

Further information

Please direct any questions to the signer on telephone +45 4348 2000.

Yours faithfully

NKT Holding A/S

Thomas Hofman-Bang

CEO