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Successful 2023: NKT releases Annual Report showing 36% organic growth

Feb 21, 2024

NKT has published its Annual Report showing strong financial performance with 36% organic growth and the highest annual operational EBITDA in company history. The development is driven by high demand for power cable solutions supporting the transition to renewable energy.

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NKT CEO Claes Westerlind, on 2023 performance: 2023 was a successful year for NKT with organic revenue growth of 36% and the highest annual operational EBITDA in company history. Demand for high-voltage power cable systems was unprecedented during the year which led to a record order intake bringing our high-voltage order backlog to EUR 10.8bn and the launch of an approximately EUR 1bn investment program. We enter 2024 with a robust financial position that forms the foundation for further improvement of financial performance.
NKT has also published its Sustainability Report for 2023 showing continued commitment to sustainability. In 2023, NKT continued to execute on its sustainability strategy, including the roadmaps aligned with the corporate decarbonization targets for 2030, which were approved and validated by the Science Based Target initiative in September 2023. NKT is progressing as expected and continues to advance towards its commitments of increasing the positive impacts of its products and solutions, minimizing environmental impacts, strengthening diversity and inclusion, and fostering an inclusive corporate culture.
Pelle Fischer-Nielsen
External Communications Officer
Pelle Fischer Nielsen
Michael Nass Nielsen
Head of Investor Relations
Michael Nass