nkt cables announces half-year report 2011

EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build submarine and high voltage cable factory in Cologne where commissioning has proved more complex than first anticipated. The rest of nkt cables‘ business segments, as well as the companies Nilfisk-Advance, NKT Flexibles and Photonics Group, are all developing satisfactory as expected.

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