DOW JONES NEWSWIRES
Danish industrial conglomerate NKT Holding A/S (NKT.KO)
Wednesday reported a slight drop in first-quarter net profit from a
year earlier, weighed by lower revenue, but reiterated its earlier
financial outlook for the current year.
MAIN FACTS:
-Net profit fell to DKK25 million from DKK30 million.
-Revenue fell to DKK3.51 billion from DKK3.53 billion.
-Ebit fell to DKK88 million from DKK103 million.
-"The NKT Group is negatively influenced by the European
markets, where customers remain cautious," the company said.
-"In the growth markets, NKT Cables in particular experienced
positive development in China and Australia, while Nilfisk-Advance
saw continued satisfactory development in the Americas," it
said.
-NKT Holding still expects revenue for 2013 to be on par with
2012.
-The expected acquisition of Ericsson's (ERIC) power cable
operations in the beginning of 3Q 2013 is expected to boost
earnings for NKT Cables as from 2014.
-Shares in NKT Holding closed Tuesday at DKK228.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
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