EnergyWatch

NKT upgrades guidance, presents preliminary fiscal figures

Cable maker NKT upgrades its guidance and presents preliminary financial numbers in a market update Tuesday morning.

Photo: NKT/BILDBYRN

Danish cable manufacturer NKT upgrades its guidance, now expecting revenue in standard metal prices to land at EUR 1.2bn against the previously expected upper end of EUR 1.1-1.2bn.

The company also raises its forecast for earnings before interest, taxes, depreciations and amortizations to EUR 125-135m from the previously expected upper end of EUR 80-110m.

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