NKT A/S : Quarterly Figures Q3 2021

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NKT A/S

Key Figures (unaudited) 2005 to 2021 in quarters

Disclaimer: NKT A/S releases financial information via Nasdaq Copenhagen. The following pages are intended to summarise previously released financial information. In the event of any questions regarding interpretations of the content of the financial information contained on the following pages, the information released to Nasdaq Copenhagen shall prevail.

Financial Highlights

Note: Q4 and total excl. Nilfisk
NKT Group	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Income Statement (EURm)	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total
Revenue, market prices	250.5	307.7	299.5	316.9	1,174.5	323.8	51.1	362.8	384.3	1,122.0	420.1	484.8	450.5	460.0	1,815.4	451.8	508.6	473.6	422.1	1,856.1	353.7	422.0	400.1	392.9	1,568.7	411.0	487.9	500.0	540.8	1,939.7	506.6	539.1	525.1	523.8	2,094.5	474.0	524.0	512.2	537.2	2,047.4	471.0	542.0	547.2	561.7	2,122.0	518.8	540.7	529.7	540.1	2,129.3	558.9	600.1	523.5	541.0	2,223.6	485.6	553.2	519.0	546.8	2,104.6	550.3	681.5	660.5	388.7	2,281.0	363.5	424.7	381.8	331.6	1,501.6	294.3	355.4	325.3	367.4	1,342.4	331.1	372.4	393.1	373.6	1,470.2	429.6	515.6	498.2	0.0	1,443.4
EBITDA	16.8	23.4	25.5	30.1	95.7	23.6	50.1	34.2	29.3	137.2	34.4	53.3	44.7	60.0	192.3	40.9	61.9	44.2	16.5	163.5	17.0	31.8	30.2	26.0	105.1	28.6	34.6	33.6	23.9	120.7	29.0	28.2	41.9	35.6	134.6	30.6	30.7	32.1	42.0	135.4	29.1	37.4	32.3	49.1	148.1	39.7	29.8	30.3	42.6	142.4	32.9	54.6	32.2	32.3	152.0	35.9	50.8	6.2	31.8	124.7	32.0	71.7	54.6	21.8	180.1	15.8	25.6	17.8	-9.4	49.8	0.2	9.4	5.9	2.2	17.7	8.0	6.5	21.4	13.5	49.4	30.8	42.4	33.5	0.0	106.7
Depreciation (TFA)	-5.1	-4.7	-5.0	-6.6	-21.3	-4.7	-4.3	-5.0	-4.7	-18.7	-5.8	-5.6	-7.5	-6.8	-25.8	-7.2	-7.4	-7.9	-7.2	-29.8	-7.9	-8.1	-8.5	-8.2	-32.6	-8.3	-9.0	-9.4	-10.7	-37.4	-10.9	-10.7	-11.7	-11.8	-45.1	-11.5	-11.8	-12.1	-12.9	-48.3	-11.7	-11.4	-12.5	-12.1	-47.7	-12.1	-11.8	-11.5	-12.6	-48.1	-12.1	-12.5	-12.2	-12.3	-49.1	-11.7	-12.0	-11.7	-11.3	-46.7	-9.2	-16.2	-17.7	-17.3	-60.4	-16.4	-16.0	-16.0	-18.0	-66.4	-17.3	-17.4	-17.7	-22.7	-75.1	-17.8	-17.1	-16.9	-18.7	-70.5	-17.2	-17.3	-19.7	0.0	-54.2
Amortisation (R&D etc.)	-1.7	-1.9	-1.9	-3.0	-8.5	-2.3	-2.3	-2.1	-2.0	-8.7	-3.0	-3.2	-3.9	-4.4	-14.5	-3.4	-3.9	-3.9	-5.6	-16.8	-4.3	-4.2	-4.2	-4.0	-16.6	-4.2	-4.2	-4.3	-6.2	-18.8	-5.1	-4.6	-5.4	-5.6	-20.7	-5.2	-5.6	-6.3	-5.6	-22.8	-5.6	-6.0	-5.8	-5.9	-23.4	-6.0	-6.4	-5.8	-5.6	-23.9	-6.3	-6.8	-7.4	-7.3	-27.8	-8.0	-8.5	-8.6	-9.3	-34.4	-2.5	-3.3	-6.3	-6.2	-18.3	-5.0	-5.3	-4.8	-5.8	-20.9	-5.5	-5.3	-5.2	-9.6	-25.6	-5.4	-5.5	-6.4	-9.5	-26.8	-7.5	-7.6	-7.5	0.0	-22.6
Write downs & impairments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-7.1	-7.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-9.1	-9.1	0.0	0.0	0.0	-0.8	-0.8	0.0	0.0	0.0	-8.9	-8.9	0.0	0.0	0.0	-2.7	-2.7	0.0	-37.2	0.9	-0.8	-37.0	0.0	0.0	-6.7	3.4	-3.3	0.0	0.0	0.0	-0.9	-0.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITA	9.9	16.8	18.7	20.5	65.9	16.6	43.5	27.1	22.6	109.8	25.6	44.4	33.3	48.7	152.1	30.3	50.6	32.3	-3.5	109.8	4.8	19.6	17.6	13.8	55.8	16.1	21.5	19.9	7.0	64.4	13.0	12.9	24.8	9.0	59.7	13.8	13.3	13.7	22.7	63.5	11.8	20.0	14.1	22.3	68.2	21.6	11.5	13.0	21.6	67.8	14.5	-1.9	13.6	11.9	38.1	16.2	30.3	-20.8	14.6	40.3	20.3	52.2	30.6	-2.6	100.5	-5.6	4.3	-3.0	-33.2	-37.5	-22.6	-13.3	-17.0	-30.1	-83.0	-15.2	-16.1	-1.9	-14.7	-47.9	6.1	17.5	6.3	0.0	29.9
Amortizations (Goodwill)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Impairments (goodwill)	-0.8	-0.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.8	0.0	-0.1	-3.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIT	9.9	16.8	18.7	19.7	65.1	16.6	43.5	27.1	22.6	109.8	25.6	44.4	33.3	48.7	152.1	30.3	50.6	32.3	-3.5	109.8	4.8	19.6	17.6	13.8	55.8	16.1	21.5	19.9	7.0	64.4	13.0	12.9	24.8	9.0	59.7	13.8	13.3	13.7	22.7	63.5	11.8	20.0	14.1	22.3	68.2	21.6	11.5	13.0	21.6	67.8	14.5	-5.6	13.6	11.8	34.2	16.2	30.3	-20.8	14.6	40.3	20.3	52.2	30.6	-2.6	100.5	-5.6	4.3	-3.0	-33.2	-37.5	-22.6	-13.3	-17.0	-30.1	-83.0	-15.2	-16.1	-1.9	-14.7	-47.9	6.1	17.5	6.3	0.0	29.9
Financial items (net)	-2.0	0.1	-0.1	-0.9	-3.0	-1.9	-1.6	-1.2	-1.9	-6.6	-4.2	-3.1	-4.4	-7.8	-19.5	-5.6	-9.1	-7.2	-8.3	-30.3	-4.7	-3.5	-3.2	-5.4	-16.8	-3.6	-3.0	-5.8	-5.8	-18.1	-5.8	-8.2	-14.2	-9.4	-37.6	-7.9	-7.0	-5.9	-5.5	-26.3	-6.4	-5.4	-4.8	-4.8	-21.5	-3.4	-3.6	-2.8	-3.5	-13.3	2.1	-2.8	-3.5	-1.9	-6.1	-1.2	-2.9	-2.1	0.9	-5.3	-4.4	-7.9	-5.3	-3.3	-20.9	-2.1	-1.5	-2.6	-1.8	-8.0	-2.1	-1.7	-2.4	-6.1	-12.3	-7.1	0.2	-6.9	-2.9	-16.7	-3.6	-3.5	-4.4	0.0	-11.5
PBT	7.9	16.9	18.5	18.8	62.1	14.8	41.9	25.9	20.7	103.2	21.5	41.3	28.9	40.9	132.6	24.7	41.5	25.1	-11.8	79.5	0.1	16.1	14.4	8.5	39.1	12.5	18.5	14.1	1.2	46.3	7.2	4.7	10.6	-0.4	22.1	5.9	6.3	7.8	17.2	37.2	5.4	14.6	9.3	17.4	46.7	18.3	7.9	10.2	18.1	54.5	16.6	-8.5	10.1	9.9	28.1	15.0	27.4	-22.9	15.5	35.0	15.9	44.3	25.3	-5.9	79.6	-7.7	2.8	-5.6	-35.0	-45.5	-24.7	-15.0	-19.4	-36.2	-95.3	-22.3	-15.9	-8.8	-17.6	-64.6	2.5	14.0	1.9	0.0	18.4
Discontinued operations	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	188.5	0.0	0.8	189.3	0.0	0.0	0.0	0.0	876.8	876.8	0.0	0.0	0.0	0.0
Income Tax	-0.9	-2.8	-2.8	-7.2	-13.8	-3.4	-11.3	-6.3	-1.3	-22.3	-5.4	-11.3	-6.4	0.5	-22.6	-6.2	-10.3	-6.4	-2.3	-25.2	-0.1	-3.5	-4.8	1.3	-7.1	-3.8	-5.5	-3.4	2.6	-10.1	-0.4	-0.7	-4.8	0.8	-5.1	-1.7	-1.6	-2.8	-4.7	-10.9	-2.0	-4.4	-2.1	-4.2	-12.8	-6.6	-1.6	-2.1	-6.6	-16.9	-4.4	-19.2	-0.4	-2.9	-26.9	-4.4	-7.2	-1.9	-9.4	-22.9	-3.3	-11.8	-7.7	-4.8	-27.6	2.7	-1.1	2.8	-5.2	-0.8	5.7	-0.1	0.2	13.5	19.3	1.7	2.5	-1.1	-13.0	-9.9	-0.8	-2.9	-1.7	0.0	-5.4
Net result (Group)	7.1	14.1	15.7	11.5	48.5	11.4	30.6	19.6	19.3	80.9	16.1	30.1	22.4	41.5	110.1	18.5	31.1	18.7	-14.1	54.2	-0.0	12.6	9.5	9.8	31.9	8.7	13.0	10.7	3.8	36.2	6.8	4.0	5.8	0.4	17.0	4.2	193.2	5.0	13.3	215.6	3.4	10.2	7.1	13.3	34.0	11.7	6.3	8.1	11.5	37.6	12.2	-27.7	9.7	7.0	1.2	10.6	20.2	-24.8	6.1	12.1	12.6	32.5	17.6	866.1	928.8	-5.0	1.7	-2.8	-40.2	-46.3	-19.0	-15.1	-19.2	-22.7	-76.0	-20.6	-13.4	-9.9	-30.6	-74.5	1.7	11.1	0.2	0.0	13.0
Minority interests	-0.1	-0.3	-0.3	0.1	-0.5	0.0	-1.1	-1.1	-0.7	-2.8	-0.1	-0.5	-0.5	-0.8	-2.0	-0.3	-0.1	-0.7	0.7	-0.4	0.3	0.0	-0.1	0.3	0.4	0.0	-0.3	-0.1	-0.1	-0.5	0.0	0.0	-0.1	-0.1	-0.3	-0.1	0.1	-0.1	-0.1	-0.3	0.0	-0.1	0.0	0.0	-0.1	0.0	-0.1	0.0	0.1	0.0	0.0	-0.1	0.0	-0.1	-0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net result (NKT share)	7.0	13.8	15.4	11.7	47.9	11.4	29.5	18.5	18.7	78.1	16.0	29.5	21.9	40.7	108.1	18.3	31.0	18.0	-13.4	53.8	0.3	12.6	9.4	10.1	32.3	8.7	12.8	10.6	3.6	35.7	6.8	4.0	5.6	-1.0	16.8	4.0	193.3	4.8	13.2	215.3	3.4	10.1	7.1	13.3	33.8	11.7	6.2	8.1	11.7	37.6	12.2	-27.8	9.7	6.9	1.0	10.6	20.2	-24.8	6.1	12.1	12.6	32.5	17.6	867.1	929.8	-5.0	1.7	-2.8	-40.2	-46.3	-19.0	-15.1	-19.2	-22.7	-76.0	-20.6	-13.4	-9.9	-30.6	-74.5	1.7	11.1	0.2	0.0	13.0
Revenue, standard metal prices	32.2	39.0	37.4	38.7	1,098.0	288.5	316.5	292.3	310.7	1,208.1	340.8	385.1	351.5	371.9	1,449.4	48.6	55.5	50.7	48.3	203.1	314.5	361.2	330.6	329.3	1,335.6	334.8	396.4	395.0	414.5	1,540.7	384.3	413.0	406.3	427.4	1,631.0	376.6	413.3	407.5	433.2	1,630.6	383.8	438.1	440.5	461.5	1,723.9	426.7	447.9	440.4	454.1	1,769.1	466.4	494.5	438.7	469.6	1,869.2	425.9	485.5	457.4	482.5	1,851.3	461.7	579.3	567.1	302.0	1,910.1	266.9	324.0	301.6	254.6	1,147.1	219.9	262.6	249.1	287.6	1,019.2	253.0	291.0	316.7	294.0	1,154.7	311.6	361.8	351.7	0.0	1,025.1
Balance Sheet	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q1	Q1	Q1	Q1
Share capital	65.8	65.8	65.8	65.8	65.8	63.1	63.1	63.1	63.2	63.5	63.5	63.5	63.5	63.6	63.6	63.6	63.6	63.6	63.6	63.6	63.6	63.8	63.8	63.8	63.8	63.8	63.8	63.8	64.2	64.2	64.2	64.2	64.3	64.3	64.3	64.3	64.3	64.3	64.3	64.3	64.9	64.9	64.9	64.9	65.4	65.4	65.5	72.0	72.7	72.8	72.8	72.8	72.8	72.8	72.8	72.8	72.8	72.8	72.8	73.2	73.3	86.6	86.6	115.4	115.4	115.4	115.4	0.0
Shareholder equity (NKT shareholder)	368.1	362.8	345.4	358.7	363.9	339.1	357.4	374.1	387.5	382.1	397.3	435.7	447.9	450.3	483.0	460.0	463.2	470.9	474.9	499.2	511.4	540.9	535.8	551.0	535.4	534.6	536.9	545.0	552.5	745.2	758.4	769.1	747.8	752.1	101.1	760.7	100.9	102.4	106.5	107.5	847.0	802.6	798.8	808.6	802.1	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	774.5	743.2	713.8	687.7	656.0	651.4	569.5	705.8	703.0	924.0	954.8	1,005.6	979.0	0.0
Hybrid capital	150.0	152.4	154.4	156.4	150.3	152.4	154.4	156.4	150.3	152.4	154.4	156.4	150.3	0.0
Total assets	795.6	810.2	819.7	829.1	866.7	928.3	924.8	986.6	1,072.5	1,152.8	1,229.7	1,221.3	1,296.0	1,373.3	1,383.8	1,333.6	1,306.7	1,327.4	1,354.8	1,358.9	1,498.1	1,628.7	1,658.1	1,685.4	1,833.6	1,816.1	1,826.4	1,803.9	1,848.5	1,796.6	1,772.9	1,736.4	1,833.7	1,804.7	243.8	1,744.3	236.7	235.1	242.0	222.3	248.5	1,860.7	1,735.8	1,683.6	1,736.4	1,787.2	1,728.6	1,747.1	2,682.4	2,809.0	2,785.5	1,904.6	1,923.3	1,926.4	1,938.0	1,859.2	1,867.8	1,895.9	1,886.3	1,789.4	1,795.8	1,901.8	2,019.1	2,150.6	2,245.5	2,405.0	2,397.1	0.0
Net interest-bearing assets/(debt)	-45.2	-75.0	-115.2	-102.6	-157.9	-163.9	-156.8	-137.3	-266.7	-311.3	-309.5	-267.8	-297.3	-379.2	-378.7	-303.4	-306.5	-347.2	-359.9	-365.8	-455.6	-508.7	-556.2	-551.0	-647.1	-663.1	-640.4	-594.5	-602.8	-361.3	-369.3	-256.2	-372.6	-381.1	-369.5	-283.4	-268.3	-269.5	-284.4	-152.3	-177.4	-193.0	-167.5	-88.9	-158.9	-188.2	-174.6	68.4	-616.8	-742.3	-720.1	-293.2	-432.7	-409.5	-307.5	-248.3	-339.0	-336.1	-349.9	-242.2	-378.1	-323.8	-194.2	-25.9	30.5	186.1	96.7	0.0
Capital employed	421.1	445.8	469.0	469.7	530.3	512.5	516.1	514.0	656.9	696.8	710.7	671.8	750.5	835.2	867.8	768.5	774.0	822.7	840.3	867.8	969.9	1,052.8	1,093.0	1,103.1	158.8	160.9	158.1	153.1	156.0	1,107.4	1,128.6	1,026.3	1,121.5	1,134.1	1,123.6	1,045.0	1,020.8	1,033.4	1,078.9	954.4	1,025.2	996.4	967.2	898.4	974.9	989.9	934.8	883.0	1,588.3	1,724.5	1,713.4	1,109.5	1,207.6	1,176.7	1,232.0	1,143.9	1,207.2	1,180.2	1,156.2	1,046.0	1,102.0	1,186.0	1,047.5	1,050.5	1,139.7	1,348.1	1,226.0	0.0
Cashflow
Cash flow from operating activities	-25.2	2.7	7.4	20.7	5.5	-29.0	10.6	25.0	29.0	35.6	6.7	18.8	57.0	73.4	156.0	-33.6	-3.1	24.0	115.0	102.4	22.4	2.8	27.2	25.6	78.1	-29.7	-35.3	-20.1	34.9	-50.2	-80.9	-7.7	29.6	49.8	-9.1	3.6	8.9	4.0	134.1	150.6	-69.9	-1.3	47.8	96.6	73.2	26.7	14.6	17.3	153.8	212.5	12.8	5.4	35.7	119.4	173.2	-9.1	28.7	48.1	86.2	153.9	-38.4	16.8	46.7	62.7	87.8	-131.8	36.4	-34.8	88.0	-42.2	-54.6	23.1	11.0	145.5	125.0	-121.5	-11.8	158.7	110.9	136.3	-22.3	-99.6	145.8	0.0	23.9
Net investment in tangible assets	-3.8	-2.0	-7.5	-0.8	-14.1	-9.0	23.6	-6.2	-12.3	-3.9	-11.9	-11.4	-11.3	-17.6	-52.2	25.1	-20.7	-22.7	-40.8	-59.1	-22.3	-34.2	-33.2	-26.8	-116.5	-39.6	-20.5	-17.6	-19.3	-97.0	-12.5	-14.6	-13.4	-16.8	-57.3	-11.8	-9.0	-7.1	-14.6	-42.6	-8.1	-7.1	-7.0	-10.6	-32.8	-6.7	-6.6	-9.4	-8.3	-31.0	-5.1	-7.4	-6.8	-15.8	-35.1	-10.3	-6.6	-8.9	-11.4	-37.2	-13.1	-14.4	-8.9	-14.0	-50.4	-4.9	-4.9	-6.3	-11.2	-27.3	-4.2	-10.3	-7.5	-11.2	-33.2	-5.5	-9.4	-9.1	-41.1	-65.1	-22.9	-47.7	-38.1	0.0	-108.7
Key figures
Equity ratio	47%	46%	43%	44%	43%	38%	39%	38%	36%	33%	33%	36%		35%	33%	35%	35%		36%	36%	35%	37%		34%	33%	32%	33%	29%	29%	29%	30%	30%	41%	43%	44%	41%	42%	41%	44%	43%	44%	44%	48%	46%	43%	46%	48%	46%	45%	44%	54%	36%	35%	36%	43%	40%	40%	48%	48%	46%	45%	43%	45%	40%	45%	42%	50%	49%	48%	47%	ERROR:#DIV/0!
Number of DKK 20 shares ('000)	24500	24500	24500	24500	24500	23500	23500	23500	23,561	23,638	23,638	23,638	23,655	23,718	23,718	23,718	23,718	23,718	23,718	23,718	23,722	23,738	23,738	23,738	23,738	23,738	23,738	23,738	23,888	23,888	23,888	23,888	23,930	23,930	23,930	23,930	23,934	23,934	23,934	23,934	24,186	24,186	24,186	24,186	24,356	24,356	24,398	26,835	27,071	27,112	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,260	27,281	32,232	32,232	42,976	42,976	42,976	42,976	- 0
Number of treasury shares ('000)	77	176	589	948	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
Earnings per share (EPS), EUR	0.3	0.6	0.6	0.5	2.0	3.6	9.4	5.9	6.0	24.9	0.7	1.2	0.9	1.7	4.6	0.8	1.3	0.8	-0.6	2.3	0.0	0.5	0.4	0.4	1.4	0.4	0.6	0.4	0.2	1.5	0.3	0.2	0.2	0.0	0.7	0.2	8.1	0.2	0.6	9.1	0.1	0.4	0.3	0.6	1.4	0.5	0.3	0.3	0.5	1.6	0.5	-1.2	0.4	0.2	-0.0	0.4	0.9	-1.0	0.2	0.5	0.5	1.2	0.6	32.0	34.3	-0.2	0.1	-0.1	-1.6	-1.8	-0.8	-0.6	-0.8	-1.1	-3.3	-0.8	-0.5	-0.4	-1.0	-2.7	-0.0	0.3	0.1	0.0	0.2
Dividend paid, DKK, per share	0.0	8.0	0.0	0.0	8.0	0.0	12.0	0.0	0.0	12.0	0.0	10.0	0.0	0.0	10.0	0.0	11.0	0.0	0.0	11.0	0.0	0.0	0.0	0.0	0.0	3.5	0.0	0.0	0.0	3.5	2.0	0.0	0.0	0.0	2.0	0.0	2.0	0.0	0.0	2.0	8.0	0.0	0.0	0.0	8.0	3.5	0.0	0.0	0.0	3.5	4.0	0.0	0.0	0.0	4.0	0.0	4.0	0.0	0.0	4.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Equity value, EUR, per share	15.0	14.9	14.8	15.3	15.6	14.5	15.3	16.0	16.5	16.2	16.9	18.4	19.1	19.1	20.4	19.5	19.6	19.9	20.1	21.1	22	23	23	23	3.0	3.0	3.0	3.1	23	31	32	32	31	32	32	32	32	32	33	34	35	33	33	34	33	34	32	35	36	36	37	30	29	28	29	27	26	25	24	24	21	22	21	22	22	23	23	ERROR:#DIV/0!
Market price, DKK, per share	198	229	262	289	389	366	442	503	449	549	586	459	340	383	245	106	97	179	297	291	305	274	270	297	309	329	202	191	254	190	202	204	216	208	274	268	314	374	325	332	445	384	352	357	378	337	427	499	512	522	539	283	197	175	167	89	118	101	133	161	122	148	190	271	276	288	279	0
Amounts reported in DKKm before 2016 are	For the purpose of comparability, consolidated 2016/17
converted to EURm with at a fixed exchange rate	figures includes items from discontinued operations (Nilfisk)
of 7.45

Balance Sheet

Note: Q4 excl. Nilfisk
NKT Group	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Balance Sheet (EURm)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Assets
Intangible assets	135.0	139.2	140.0	135.7	136.0	132.8	133.6	110.1	156.4	165.6	178.7	186.2	192.2	202.1	212.8	212.8	220.4	215.4	213.6	217.6	225.6	242.4	230.1	237.2	242.0	243.1	256.5	266.8	263.5	272.3	271.1	269.5	273.4	270.7	270.3	268.6	271.1	273.6	286.2	291.9	311.5	322.1	319.6	333.2	369.2	373.5	366.1	73.5	576.1	574.1	594.6	597.4	576.6	571.9	578.2	589.2	584.0	582.3	581.1	594.0	571.3	601.4	600.4	626.9	620.2	626.6	625.3	0.0
Tangible assets	103.2	104.6	108.1	108.1	112.9	100.7	103.0	108.6	141.9	150.2	189.8	202.4	214.0	235.4	251.5	269.7	282.6	314.5	342.0	358.0	396.6	410.3	419.7	432.9	433.6	438.0	441.7	437.6	440.5	437.0	435.3	436.5	433.3	427.7	426.0	421.2	414.4	409.4	412.8	407.4	410.3	368.1	361.9	367.2	365.5	359.3	334.4	272.8	627.8	720.8	709.1	698.9	673.2	656.2	651.2	645.2	660.9	649.6	635.3	641.3	614.5	622.1	614.4	657.6	662.6	698.0	715.6	0.0
Other non-current assests	54.2	52.8	50.6	53.0	55.3	56.5	54.9	74.6	73.4	74.8	81.2	72.6	77.4	89.8	96.5	97.7	103.0	108.5	113.2	118.7	120.9	114.5	112.5	130.5	131.7	133.0	143.6	170.5	89.1	90.5	87.8	104.6	107.4	103.9	96.1	103.2	90.5	102.1	107.4	101.9	95.3	85.6	89.7	86.6	84.6	85.8	84.5	36.0	43.1	49.6	52.1	51.9	56.3	57.8	64.8	29.7	37.1	43.3	37.9	51.7	54.8	56.5	55.3	24.1	33.1	37.1	28.0	0.0
Total non-current assets	292.5	296.5	298.7	296.8	304.2	289.9	291.4	293.3	371.7	390.6	449.7	461.2	483.6	527.4	560.8	580.1	605.9	638.4	668.7	694.2	743.2	767.2	762.3	800.5	807.2	814.1	841.9	874.9	793.2	799.9	794.2	810.6	814.1	802.3	792.5	793.0	776.0	785.1	806.3	801.2	817.2	775.8	771.1	787.0	819.3	818.6	785.0	382.3	1,247.0	1,344.5	1,355.8	1,348.2	1,306.1	1,285.9	1,294.2	1,264.1	1,282.0	1,275.2	1,254.3	1,287.0	1,240.6	1,280.0	1,270.1	1,308.6	1,315.9	1,361.7	1,368.9	0.0
Inventories	201.7	203.4	209.0	218.0	240.0	256.2	273.3	254.2	298.3	315.7	342.7	307.0	354.6	361.5	365.2	299.1	311.4	288.6	283.0	294.6	341.6	383.2	388.9	381.2	457.7	433.8	447.4	387.8	446.3	438.8	439.3	368.3	456.0	405.5	399.1	356.6	382.3	371.5	388.1	350.6	392.2	405.5	380.0	342.5	370.6	393.4	349.8	142.1	216.6	225.9	219.6	226.1	247.4	245.7	237.2	219.8	234.9	229.8	232.0	229.7	233.9	255.2	237.9	243.6	243.7	294.0	278.6	0.0
Receivables	248.3	271.7	276.9	273.2	297.2	319.1	317.2	296.0	347.2	403.9	390.3	378.4	395.7	425.8	403.2	375.6	361.3	371.5	374.4	336.0	385.6	445.8	478.1	470.5	534.9	534.8	509.5	504.8	490.1	525.4	501.7	508.7	512.5	531.0	577.0	544.2	550.6	555.7	567.2	454.1	585.0	615.3	547.0	495.8	501.5	544.1	459.4	209.2	299.6	356.5	332.2	285.6	339.8	383.1	397.4	347.1	343.5	381.9	394.1	265.8	318.0	361.8	504.3	359.2	507.0	724.1	639.7	0.0
Securities	5.9	4.2	3.9	3.8	3.5	1.9	1.9	6.6	5.0	4.0	3.2	2.4	1.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash	46.4	33.8	30.6	37.4	21.9	61.2	41.1	136.5	50.3	38.5	43.8	72.3	60.3	58.7	54.5	78.8	28.1	28.9	28.7	34.1	27.7	32.5	28.9	33.2	33.7	33.4	27.7	36.4	42.3	32.6	37.6	48.7	51.1	52.5	48.1	50.5	54.6	39.5	41.3	50.2	57.0	64.0	37.7	58.3	45.0	31.1	22.8	127.8	10.6	30.6	37.3	44.7	30.0	11.7	9.2	28.2	7.4	9.0	5.9	6.9	3.3	4.8	6.8	239.2	178.9	25.2	109.9	0.0
Assets held for sale/distribution	111.6	885.7	908.6	851.5	840.6	0.0
Total current assets	502.4	513.0	520.4	532.3	562.6	638.4	633.4	693.3	700.8	762.1	780.0	760.1	812.3	845.9	823.0	753.4	700.8	689.0	686.0	664.7	754.9	861.5	895.8	884.8	1,026.3	1,002.0	984.6	929.0	978.7	996.8	978.7	925.8	1,019.6	989.0	1,024.2	951.3	987.5	966.7	996.6	854.9	1,034.2	1,084.8	964.7	896.6	917.1	968.6	943.6	1,364.8	1,435.4	1,464.5	1,429.7	556.4	617.2	640.5	643.8	595.1	585.8	620.7	632.0	502.4	555.2	621.8	749.0	842.0	929.6	1,043.3	1,028.2	0.0
Total assets	794.9	809.5	819.1	829.1	866.7	928.3	924.8	986.6	1,072.5	1,152.8	1,229.7	1,221.3	1,296.0	1,373.3	1,383.8	1,333.6	1,306.7	1,327.4	1,354.8	1,358.9	1,498.1	1,628.7	1,658.1	1,685.4	1,833.6	1,816.1	1,826.4	1,803.9	1,771.8	1,796.6	1,772.9	1,736.4	1,833.7	1,791.3	1,816.6	1,744.3	1,763.5	1,751.8	1,803.0	1,656.1	1,851.4	1,860.7	1,735.8	1,683.6	1,736.4	1,787.2	1,728.6	1,747.1	2,682.4	2,809.0	2,785.5	1,904.6	1,923.3	1,926.4	1,938.0	1,859.2	1,867.8	1,895.9	1,886.3	1,789.4	1,795.8	1,901.8	2,019.1	2,150.6	2,245.5	2,405.0	2,397.1	0.0
Liabilities
Shareholders' equity	368.1	362.8	345.4	358.7	363.9	339.1	357.4	374.1	387.5	382.1	397.3	435.7	447.9	450.3	483.0	460.0	463.2	470.9	474.9	499.2	511.4	540.9	535.8	551.0	535.4	534.6	536.9	545.0	552.5	745.2	758.4	769.1	747.8	752.1	753.2	760.7	751.7	763.1	793.7	801.2	847.0	802.6	798.8	808.6	802.1	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	774.5	743.2	713.8	687.7	656.0	651.4	569.5	705.8	703.0	924.0	954.8	1,005.6	979.0	0.0
Hybrid capital	150.0	152.4	154.4	156.4	150.3	152.4	154.4	156.4	150.3	152.4	154.4	156.4	150.3	0.0
Minority interests	7.8	7.9	8.5	8.5	8.6	9.5	1.9	2.6	2.7	3.4	3.9	5.0	5.2	5.6	6.2	5.1	4.3	4.6	5.5	2.8	3.0	3.1	0.9	0.9	0.7	0.8	0.8	0.8	0.8	0.8	0.9	0.9	1.1	0.9	0.9	0.9	0.8	0.8	0.8	0.8	0.9	0.9	0.9	0.9	0.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total equity	375.8	370.7	353.8	367.1	372.5	348.6	359.3	376.6	390.2	385.5	401.2	440.7	453.2	456.0	489.1	465.1	467.5	475.5	480.4	502.0	514.4	544.0	536.8	551.9	536.1	535.4	537.7	545.8	553.3	746.0	759.3	770.1	748.9	753.0	754.1	761.6	752.5	763.9	794.5	802.0	847.9	803.5	799.7	809.5	803.0	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	924.5	895.6	868.2	844.1	806.3	803.8	723.9	862.2	853.3	1,076.4	1,109.2	1,162.0	1,129.3	0.0
Provisions (long term)	41.1	41.3	41.2	42.3	43.6	44.2	43.2	42.6	46.4	50.5	62.1	63.6	68.3	69.1	68.3	66.3	66.2	69.0	70.9	74.0	63.8	73.6	76.9	78.3	74.1	68.1	63.2	81.6	75.6	71.7	74.0	88.7	91.1	90.3	89.3	101.7	93.4	100.9	106.2	117.2	108.9	117.7	119.3	117.5	113.0	112.9	117.9	73.9	124.9	127.0	138.2	140.9	131.7	132.1	130.2	114.7	112.0	109.1	106.4	102.0	92.0	100.8	103.7	108.0	119.6	139.6	134.0	0.0
Non-current credit institutions	102.0	97.6	136.1	131.7	131.7	131.5	131.5	198.3	229.9	231.0	230.6	180.3	189.3	196.2	192.8	176.5	165.1	256.0	290.7	261.3	315.7	365.4	385.0	463.4	550.1	558.1	492.8	477.6	520.0	254.4	270.1	73.0	151.5	230.5	230.5	281.6	279.6	262.1	286.6	177.2	210.1	251.7	202.3	143.9	197.9	212.5	185.0	83.0	635.4	773.8	744.6	332.8	456.4	414.0	312.6	268.4	335.7	333.9	345.2	238.0	351.5	307.5	315.0	200.6	196.8	198.5	192.8	0.0
Current credit institutions	24.7	36.1	32.3	29.3	63.6	103.9	76.8	83.8	88.7	119.3	125.8	161.7	169.9	233.7	223.4	189.9	166.8	110.9	83.1	124.3	151.8	179.6	200.1	128.5	138.4	145.6	164.7	161.5	135.3	145.6	145.1	244.7	281.1	223.1	204.4	64.4	59.9	58.1	48.3	36.0	19.2	15.4	13.0	11.6	15.2	16.3	15.7	10.5	12.8	27.4	22.3	7.2	6.5	7.3	4.9	8.2	10.8	11.6	10.7	11.2	30.1	21.5	11.7	12.8	12.8	13.0	14.0	0.0
Other current liabilities	251.3	263.8	255.6	258.8	255.3	300.1	314.0	285.4	317.2	366.4	409.9	375.0	415.3	418.3	410.2	435.7	441.1	416.0	429.7	397.3	452.5	466.2	459.3	463.4	534.9	508.9	568.1	537.4	564.3	578.9	524.4	559.9	561.1	494.4	538.4	534.9	578.1	566.7	567.4	523.8	665.4	672.3	601.5	601.1	607.3	643.8	568.0	296.6	632.0	605.4	589.1	607.4	553.8	605.8	565.8	572.3	541.1	597.2	617.7	634.4	598.3	609.8	735.4	752.8	807.1	891.9	927.0	0.0
Liabilities assoc. w. assets held for sale/dist.	81.8	331.7	305.8	293.1	298.0	0.0
Total equity and liabilities	794.9	809.5	819.1	829.1	866.7	928.3	924.8	986.6	1,072.5	1,152.8	1,229.7	1,221.3	1,296.0	1,373.3	1,383.8	1,333.6	1,306.7	1,327.4	1,354.8	1,358.9	1,498.1	1,628.7	1,658.1	1,685.4	1,833.6	1,816.1	1,826.4	1,803.9	1,848.5	1,796.6	1,772.9	1,736.4	1,833.7	1,791.3	1,816.6	1,744.2	1,763.5	1,751.8	1,803.0	1,656.1	1,851.4	1,860.7	1,735.8	1,683.6	1,736.4	1,787.2	1,728.6	1,747.1	2,682.4	2,808.9	2,785.5	1,904.6	1,923.3	1,926.4	1,938.0	1,859.2	1,867.8	1,895.9	1,886.3	1,789.4	1,795.8	1,901.8	2,019.1	2,150.6	2,245.5	2,405.0	2,397.1	0.0
Equity changes
Equity, opening balance	369.1	375.8	370.7	353.8	367.1	372.5	348.6	359.3	376.6	390.2	385.5	401.2	440.7	453.2	456.0	489.1	465.1	467.5	475.4	480.4	502.0	514.3	544.0	536.7	551.9	536.1	535.4	537.7	545.7	553.2	746.0	759.3	770.0	748.8	753.0	754.1	761.6	752.4	763.9	794.5	802.0	847.9	803.4	799.7	809.5	803.0	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	924.5	895.6	868.2	844.1	806.3	803.8	723.9	862.2	853.3	1,076.4	1,109.2	1,162.0	1,129.3
Change in accounting policies	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total equity, after adjustments	369.1	375.8	370.7	353.8	367.1	372.5	348.6	359.3	376.6	390.2	385.5	401.2	440.7	453.2	456.0	489.1	465.1	467.5	475.4	480.4	502.0	514.3	544.0	536.7	551.9	536.1	535.4	537.7	545.7	553.2	746.0	759.3	770.0	748.8	753.0	754.1	761.6	752.4	763.9	794.5	802.0	847.9	803.4	799.7	809.5	803.0	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	924.5	895.6	868.2	844.1	806.3	803.8	723.9	862.2	853.3	1,076.4	1,109.2	1,162.0	1,129.3
Profit for the period	7.1	14.1	15.7	11.5	11.4	30.6	19.6	19.3	16.1	30.1	22.4	41.5	18.5	31.1	18.7	-14.1	0.0	12.6	9.5	9.8	8.7	13.0	10.7	3.8	6.8	4.0	5.8	0.4	4.2	193.2	5.0	13.3	3.4	10.2	7.1	13.3	11.7	6.3	8.1	11.5	12.2	-27.7	9.7	7.0	10.6	20.2	-24.8	6.1	12.6	32.5	17.6	866.1	-5.0	1.7	-2.8	-40.2	-19.0	-15.1	-19.2	-22.7	-20.6	-13.4	-9.6	-30.9	1.7	11.1	0.2	0.0
Actuarial gain/loss defined benefit obligations pensions	0.0	0.0	0.0	0.0	-3.8	0.0	0.0	-0.3	0.0	0.0	0.0	-9.1	0.0	0.0	0.0	1.7	0.0	0.0	0.0	-4.6	0.0	0.0	0.0	0.2	0.0	0.0	1.8	0.0	0.0	0.0	-4.5	0.0	0.0	0.0	-1.4	0.0	0.0	0.0	0.0
Foreign exchange translation differences etc.	1.2	7.1	4.4	1.7	2.6	-16.8	-8.9	-2.0	-3.5	-4.4	-6.7	-2.0	-6.6	5.0	14.4	-10.1	2.3	-5.0	-4.7	11.7	14.5	16.0	-18.1	11.3	-16.5	-5.0	-3.6	7.7	6.7	-0.5	8.1	-2.7	3.8	-6.2	-6.2	-6.0	-9.7	5.0	22.6	5.1	35.3	-16.9	-13.6	1.1	-5.8	1.6	-0.2	1.3	-0.3	-23.3	-7.2	-4.2	-36.4	-9.4	11.8	9.5	-8.4	-9.0	-10.5	24.7	-59.3	62.5	8.8	86.0	31.1	41.7	-24.8	0.0
Own shares/warrants/share buyback etc.	-1.6	0.0	-37.0	0.0	-8.6	1.7	0.0	0.0	0.9	1.3	0.0	0.0	0.5	1.6	0.1	0.1	0.1	0.3	0.1	0.1	0.3	0.7	0.1	0.1	0.1	0.3	0.1	0.0	3.1	0.1	0.3	0.1	1.1	0.1	0.1	0.5	0.1	0.1	0.0	0.0	11.4	0.1	0.1	0.0	1.7	-23.1	-16.5	3.6	7.8	1.5	0.7	0.2
Hybrid capital, net	148.3
Coupon payments on Hybrid capital	-8.1	-8.1	-8.1
Share issue/disposal treasury shares	184.8	89.2	169.4
Nilfisk shares distributed to shareholders	0.0	-1,039.3
Dividend paid (adopted at AGM)	0.0	-26.3	0.0	0.0	0.0	-39.5	0.0	0.0	0.0	-31.7	0.0	0.0	0.0	-34.9	0.0	0.0	0.0	0.0	0.0	0.0	-11.1	0.0	0.0	0.0	-6.3	0.0	0.0	0.0	-6.4	0.0	0.0	0.0	-25.6	0.0	0.0	0.0	-11.3	0.0	0.0	0.0	-13.0	0.0	0.0	0.0	-13.0	0.0	0.0	0.0	0.0	0.0	0.0
Equity, closing balance	375.8	370.7	353.8	367.1	372.5	348.6	359.3	376.6	390.2	385.5	401.2	440.7	453.2	456.0	489.1	465.1	467.5	475.4	480.4	502.0	514.3	544.0	536.7	551.9	536.1	535.4	537.7	545.7	553.2	746.0	759.3	770.0	748.8	753.0	754.1	761.6	752.4	763.9	794.5	802.0	847.9	803.4	799.7	809.5	803.0	801.7	760.2	951.4	971.5	982.2	993.3	816.3	774.9	767.2	924.5	895.6	868.2	844.1	806.3	803.8	723.9	862.2	853.3	1,076.4	1,109.2	1,162.0	1,129.3	1,129.3

Cashflow

NKT Group	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Cash flow - change in NIBD (EURm)	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total
EBITDA	16.8	23.4	25.5	30.1	95.7	23.6	50.1	34.2	29.3	137.2	34.4	53.3	44.7	60.0	192.3	40.9	61.9	44.2	16.5	163.5	17.0	31.8	30.2	26.0	105.1	28.6	34.6	33.6	23.9	120.7	29.0	28.2	41.9	35.6	134.6	30.6	30.7	32.1	42.0	135.4	29.1	37.4	32.3	49.1	148.1	39.7	29.8	30.3	42.6	142.4	32.9	54.6	32.2	32.3	152.0	35.9	50.8	6.2	31.8	124.7	32.0	71.7	54.6	21.8	180.1	15.8	25.6	17.8	-9.4	49.8	0.2	9.4	5.9	2.2	17.7	8.0	6.5	21.4	13.5	49.4	30.8	42.4	33.5	0.0	106.7
Financial items, net	-2.0	0.1	-0.1	-0.9	-3.0	-1.9	-1.6	-1.2	-1.9	-6.6	-4.2	-3.1	-4.4	-7.8	-19.5	-5.6	-9.1	-7.2	-8.3	-30.3	-4.7	-3.5	-3.2	-5.4	-16.7	-3.6	-3.0	-5.8	-5.8	-18.1	-5.8	-8.2	-14.2	-9.4	-37.6	-7.9	-7.0	-5.9	-5.5	-26.3	-6.4	-5.4	-4.8	-4.8	-21.5	-3.4	-3.6	-2.8	-3.5	-13.3	2.1	-2.8	-3.5	-1.9	-6.1	-1.2	-2.9	-2.1	1.8	-4.4	-4.4	-7.9	-5.3	-7.1	-24.7	-2.3	-1.3	-2.8	-1.9	-8.3	-2.0	-1.8	-2.4	-6.0	-12.2	-7.1	-0.2	-6.9	-2.8	-17.0	-3.5	-3.5	-4.4	0.0	-11.4
Discontinued operation
Change in working capital,
tax, non-cash operating items etc.	-40.0	-20.8	-18.0	-8.5	-87.2	-50.7	-37.9	-8.1	1.6	-95.0	-23.5	-31.4	16.8	21.2	-16.9	-68.9	-55.8	-12.9	106.8	-30.7	10.1	-25.5	0.3	5.0	-10.2	-54.6	-67.0	-47.9	16.8	-152.8	-84.0	-10.3	25.9	46.3	-22.1	-19.1	-14.9	-22.1	97.6	41.5	-92.6	-33.4	20.3	52.3	-53.4	-9.7	-11.5	-10.2	114.8	83.4	-22.3	-46.4	7.0	89.0	27.3	-43.8	-19.2	44.0	52.6	33.6	-66.0	-47.0	-2.6	48.0	-67.6	-145.3	12.1	-49.8	99.3	-83.7	-52.8	15.5	7.5	149.3	119.5	-122.4	-18.1	144.2	100.2	103.9	-49.6	-138.5	116.7	0.0	-71.4
Cash flow from operating activities	-25.2	2.7	7.4	20.7	5.5	-29.0	10.6	25.0	29.0	35.6	6.7	18.8	57.0	73.4	156.0	-33.6	-3.1	24.0	115.0	102.4	22.5	2.8	27.2	25.6	78.2	-29.7	-35.3	-20.1	34.9	-50.2	-60.8	9.7	53.6	72.5	74.9	3.6	8.9	4.0	134.1	150.6	-69.9	-1.3	47.8	96.6	73.2	26.7	14.6	17.3	153.8	212.5	12.8	5.4	35.7	119.4	173.2	-9.1	28.7	48.1	86.2	153.9	-38.4	16.8	46.7	62.7	87.8	-131.8	36.4	-34.8	88.0	-42.2	-54.6	23.1	11.0	145.5	125.0	-121.5	-11.8	158.7	110.9	136.3	-22.3	-99.6	145.8	0.0	23.9
Acquisitions / divestments	11.3	0.0	0.0	-0.9	10.3	-1.3	0.0	0.0	-0.5	-1.9	-127.9	-13.8	-39.9	-5.6	-187.2	-13.0	-12.6	-3.2	0.0	-28.9	0.0	0.0	0.0	-1.5	-1.5	0.0	-3.0	-0.8	-2.8	-6.6	-14.8	-5.5	-7.8	-2.0	-30.1	-0.9	0.0	-0.4	0.3	-1.1	-0.1	-0.5	-30.9	1.2	-30.3	11.0	0.0	0.0	-0.8	10.2	0.0	-16.0	0.8	-9.9	-25.1	-53.1	0.0	-0.8	2.8	-51.1	-633.4	-126.7	-11.0	3.4	-767.7	0.0	9.5	-1.8	0.0	-5.5	2.2	0.0	2.1	0.0	0.0	0.0	2.1
Nilfisk demerger	379.8	379.8	0.0	0.0	0.0	0.0
Acquisition and disposal of tangible assets	-3.8	-2.0	-7.5	-0.8	-14.1	-9.0	23.6	-6.2	-12.3	-3.9		-11.9	-11.4	-11.3	-17.6	-52.2		25.1	-20.7	-22.7	-40.8	-59.1		-22.3	-34.2	-33.2	-26.8	-116.5	-39.6	-20.5	-17.6	-19.3	-97.0	-12.5	-14.6	-13.4	-16.8	-57.3	-11.8	-9.0	-7.1	-14.6	-42.6	-8.1	-7.1	-7.0	-10.6	-32.8	-6.7	-6.6	-9.4	-8.3	-31.0	-5.1	-7.4	-6.8	-15.8	-35.1	-10.3	-6.6	-8.9	-11.4	-37.2	-13.1	-14.4	-8.9	-14.0	-50.4	-4.9	-4.9	-6.3	-11.2	-27.3	-4.2	-10.3	-7.5	-11.2	-33.2	-5.5	-9.4	-9.1	-41.1	-65.1	-22.9	-47.7	-38.1	0.0	-108.7
Paid to / received from minority interests	-2.7	0.0	0.0	0.0	-2.7	0.0	0.0	-7.8	0.0	-7.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.1	-3.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividend from NKT Flexibles	4.8	0.0	0.0	0.0	4.8	3.5	0.0	0.0	0.0	3.5	0.0	0.0	0.0	0.0	0.0	0.0	10.3	0.0	0.0	10.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other investment, etc.	-1.6	-1.6	-1.9	-4.2	-9.3	-5.1	-2.8	-3.5	-1.2	-12.6	-3.1	-6.8	-3.6	-6.2	-19.7	-6.8	-4.8	-2.1	-5.9	-19.7	-5.2	-5.5	-4.8	-1.3	-16.9	-3.5	-5.2	-3.5	-8.5	-20.7	-3.9	-5.1	-5.0	-7.0	-20.9	-5.2	-7.0	-8.2	-7.4	-27.8	-7.0	-7.4	-5.9	-9.8	-30.1	-5.9	-8.2	-7.2	-8.3	-29.7	-7.4	-6.4	-6.7	-9.2	-29.7	-7.0	-10.9	-10.8	-9.8	-38.5	-9.4	-12.5	-12.1	-9.8	-43.8	-4.7	-8.5	-4.7	-15.7	-33.6	-5.4	-10.6	-9.8	-10.0	-35.8	-8.9	-11.9	-8.8	-12.7	-42.3	-8.8	-8.0	-9.2	0.0	-26.0
Cash flow from investing activites	3.2	-3.6	-9.4	-5.9	-15.7	-15.4	20.8	-17.4	-14.1	-26.2	-138.1	-32.1	-54.8	-29.4	-254.4	8.7	-38.1	-28.1	-46.7	-104.2	-27.5	-39.7	-38.0	-32.8	-138.0	-43.1	-18.4	-21.9	-30.6	-114.0	-31.1	-25.2	-26.2	-25.8	-108.3	-18.0	-16.0	-15.7	-21.7	-71.4	-15.2	-15.0	-43.8	-19.2	-93.2	-1.6	-14.8	-16.6	-17.4	-50.5	-12.5	-29.8	-12.8	-34.9	-89.9	-70.4	-17.5	-20.5	-18.4	-126.8	-655.9	-153.6	-32.0	359.4	-482.1	-9.6	-13.4	-11.0	-26.9	-60.9	-0.1	-22.7	-17.3	-26.7	-66.8	-14.4	-21.3	-17.9	-53.8	-107.4	-29.6	-55.7	-47.3	0.0	-132.6
Free cash flow	-22.0	-0.9	-2.0	14.8	-10.2	-44.4	31.4	7.5	14.9	9.4	-131.4	-13.3	2.3	44.0	-98.4	-24.8	-41.2	-4.0	68.3	-1.7	-5.1	-36.9	-10.7	-7.1	-59.8	-72.8	-53.7	-42.0	4.3	-164.2	-91.9	-15.6	27.4	46.7	-33.4	-14.4	-7.1	-11.7	112.3	79.2	-85.1	-16.4	4.0	77.4	-20.0	25.1	-0.1	0.7	136.4	162.0	0.3	-24.4	23.0	84.5	83.3	-79.5	11.2	27.6	67.8	27.1	-694.3	-136.8	14.7	422.1	-394.3	-141.4	23.0	-45.8	61.1	-103.1	-54.7	0.4	-6.3	118.8	58.2	-135.9	-33.1	140.8	57.1	28.9	-51.9	-155.3	98.5	0.0	-108.7

Segment Data 2017-2021

NKT Group	2017	2018	2019	2020	2021
Segment Data (EURm)	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total
Revenue (market prices)
NKT - Solutions	84.6	177.6	214.0	204.0	680.2	159.6	178.9	176.8	125.0	640.3	101.7	129.9	125.4	165.5	522.5	143.7	151.5	180.6	176.8	652.6	190.5	190.9	210.2	0.0	591.6
NKT - Applications	173.5	185.4	165.3	144.1	668.3	163.4	192.3	162.1	159.6	677.4	156.0	181.8	161.2	146.3	645.3	156.8	179.5	168.6	148.7	653.6	184.2	249.2	232.7	0.0	666.1
NKT - Service & Accessories	16.4	31.2	30.3	29.0	106.9	35.8	44.7	36.9	36.8	154.2	26.9	32.5	28.7	30.7	118.8	28.4	36.2	38.2	38.6	141.4	46.1	65.3	45.6	0.0	157.0
Elimination of transactions between segments	-0.7	-3.9	-13.0	-8.9	-26.5	-7.7	-8.7	-8.8	-12.1	-37.3	-4.8	-6.4	-6.7	-0.5	-18.4	-10.5	-8.0	-10.8	-15.8	-45.1	-6.8	-7.4	-8.8	0.0	-23.0
NKT	273.8	390.3	396.6	368.2	1,428.9	351.1	407.2	367.0	309.3	1,434.6	279.8	337.8	308.6	342.0	1,268.2	318.4	359.2	376.6	348.3	1,402.5	414.0	498.0	479.7	0.0	1,391.7
NKT Photonics	7.5	11.2	11.2	21.0	50.9	12.4	17.6	15.2	22.5	67.7	14.5	17.9	16.7	25.5	74.6	12.7	14.6	16.7	25.9	69.9	15.7	18.3	18.5	0.0	52.5
Elimination of transactions between segments	0.0	0.0	0.0	-0.5	-0.5	0.0	-0.1	-0.4	-0.2	-0.7	0.0	-0.3	0.0	-0.1	-0.4	0.0	-1.4	-0.2	-0.6	-2.2	-0.1	-0.7	0.0	0.0	-0.8
NKT Group	281.3	401.5	407.8	388.7	1,479.3	363.5	424.7	381.8	331.6	1,501.6	294.3	355.4	325.3	367.4	1,342.4	331.1	372.4	393.1	373.6	1,470.2	429.6	515.6	498.2	0.0	1,443.4
Revenue* (std. metal prices)
NKT - Solutions	73.7	154.6	182.9	177.8	589.0	139.5	160.9	166.4	111.1	577.9	92.2	111.0	109.8	142.6	455.6	123.6	134.7	165.0	155.2	578.5	160.5	162.7	178.1	0.0	501.3
NKT - Applications	101.6	108.3	103.2	86.8	399.9	91.7	115.1	97.2	96.5	400.5	91.7	106.1	98.9	92.4	389.1	94.1	113.5	102.5	83.6	393.7	95.8	123.6	118.4	0.0	337.8
NKT - Service & Accessories	13.5	26.4	24.2	24.6	88.7	30.2	37.1	30.6	31.5	129.4	25.1	32.4	28.6	30.6	116.7	28.4	36.2	38.2	38.5	141.3	46.1	65.2	45.5	0.0	156.8
Elimination of transactions between segments	-3.6	-1.2	-7.1	-7.7	-19.6	-6.9	-6.7	-7.3	-6.8	-27.7	-3.6	-4.5	-4.9	-3.4	-16.4	-5.8	-6.6	-5.5	-8.6	-26.5	-6.4	-7.3	-8.8	0.0	-22.5
NKT	185.2	288.1	303.2	281.5	1,058.0	254.5	306.4	286.9	232.3	1,080.1	205.4	245.0	232.4	262.2	945.0	240.3	277.8	300.2	268.7	1,087.0	296.0	344.2	333.2	0.0	973.4
NKT Photonics	7.5	11.2	11.2	21.0	50.9	12.4	17.6	15.2	22.5	67.7	14.5	17.9	16.7	25.5	74.6	12.7	14.6	16.7	25.9	69.9	15.7	18.3	18.5	0.0	52.5
Elimination of transactions between segments	0.0	0.0	0.0	-0.5	-0.5	0.0	0.0	-0.5	-0.2	-0.7	0.0	-0.3	0.0	0.0	-0.3	0.0	-1.4	-0.2	-0.6	-2.2	-0.1	-0.7	0.0	0.0	-0.8
NKT Group	192.7	299.3	314.4	302.0	1,108.4	266.9	324.0	301.6	254.6	1,147.1	219.9	262.6	249.1	287.7	1,019.3	253.0	291.0	316.7	294.0	1,154.7	311.6	361.8	351.7	0.0	1,025.1
Operational EBITDA
NKT - Solutions	7.8	32.8	38.1	31.9	110.6	18.7	26.1	27.5	-9.4	62.9	0.4	4.3	3.8	5.6	14.1	5.6	9.1	12.3	8.9	35.9	19.5	23.0	34.6	0.0	77.1
NKT - Applications	10.6	6.2	3.3	3.1	23.2	-0.5	4.5	0.2	1.2	5.4	0.1	2.0	0.8	-2.6	0.3	3.5	5.5	5.1	0.4	14.5	5.5	7.6	9.0	0.0	22.1
NKT - Service & Accessories	0.9	5.4	2.8	2.3	11.4	5.8	3.8	2.1	4.0	15.7	2.3	4.6	4.1	2.5	13.5	2.9	4.1	4.4	3.8	15.2	7.9	14.5	4.5	0.0	26.9
Non-allocated costs	-1.5	-1.5	-0.4	-3.5	-6.9	-3.6	-2.3	-3.7	-4.2	-13.8	-5.2	-1.5	-1.8	-4.3	-12.8	-1.8	-2.7	-0.4	-4.0	-8.9	-2.7	-2.7	-3.3	0.0	-8.7
NKT	17.8	42.9	43.8	33.8	138.3	20.4	32.1	26.1	-8.4	70.2	-2.4	9.4	6.9	1.2	15.1	10.2	16.0	21.4	9.1	56.7	30.2	42.4	44.8	0.0	117.4
NKT Photonics	-2.1	0.7	-0.8	5.7	3.5	-1.5	1.0	1.5	8.0	9.0	-0.4	3.9	3.9	7.2	14.6	-1.8	-0.8	1.0	4.2	2.6	-1.2	0.0	3.2	0.0	2.0
Elimination of transactions between segments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Group	15.7	43.6	43.0	39.5	141.8	18.9	33.1	27.6	-0.3	79.3	-2.8	13.3	10.8	8.4	29.7	8.4	15.2	22.4	13.3	59.3	29.0	42.4	48.0	0.0	119.4
One-off costs	-14.6	-5.1	-7.5	-17.7	-44.9	-3.1	-7.5	-9.8	-9.1	-29.5	3.0	-3.9	-4.9	-6.2	-12.0	-0.4	-8.7	-1.0	0.2	-9.9	1.8	0.0	-14.5	0.0	-12.7
EBITDA
NKT	3.2	37.8	36.3	16.1	93.4	17.3	24.6	16.3	-17.4	40.8	0.6	5.5	2.0	-5.0	3.1	9.8	7.3	20.4	9.3	46.8	32.0	42.4	30.3	0.0	104.7
NKT Photonics	-2.1	0.7	-0.8	5.7	3.5	-1.5	1.0	1.5	8.0	9.0	-0.4	3.9	3.9	7.2	14.6	-1.8	-0.8	1.0	4.2	2.6	-1.2	0.0	3.2	0.0	2.0
NKT Group	1.1	38.5	35.5	21.8	96.9	15.8	25.6	17.8	-9.4	49.8	0.2	9.4	5.9	2.2	17.7	8.0	6.5	21.4	13.5	49.4	30.8	42.4	33.5	0.0	106.7
Operational EBIT
NKT - Solutions	0.5	17.8	18.3	14.8	51.4	2.5	10.6	12.1	-25.5	-0.3	-15.4	-11.0	-11.7	-15.3	-53.4	-10.5	-5.7	-3.1	-9.0	-28.3	4.6	8.1	17.5	0.0	30.2
NKT - Applications	7.8	3.6	0.8	-0.5	11.7	-3.0	2.1	-2.2	-1.5	-4.6	-2.7	-0.7	-1.8	-9.6	-14.8	-0.8	2.1	2.4	-3.9	-0.2	1.3	3.4	4.7	0.0	9.4
NKT - Service & Accessories	0.5	4.9	2.3	1.7	9.4	5.1	2.8	1.2	2.9	12.0	1.2	3.6	2.9	1.0	8.7	1.7	3.0	3.2	2.6	10.5	6.9	13.4	3.3	0.0	23.6
Non-allocated costs	-1.7	-1.7	-0.6	-4.6	-8.6	-4.0	-2.7	-4.3	-5.3	-16.3	-6.1	-2.8	-3.3	-4.0	-16.2	-0.9	-3.0	-1.2	-5.4	-10.5	-3.8	-3.9	-4.4	0.0	-12.1
NKT	7.1	24.6	20.8	11.4	63.9	0.6	12.8	6.8	-29.4	-9.2	-23.0	-10.9	-13.9	-27.9	-75.7	-10.5	-3.6	1.3	-15.7	-28.5	9.0	21.0	21.1	0.0	51.1
NKT Photonics	-3.1	-0.5	-1.8	3.7	-1.7	-3.1	-1.0	0.0	5.3	1.2	-2.6	1.5	1.8	4.0	4.7	-4.3	-3.8	-2.2	0.8	-9.5	-4.7	-3.5	-0.3	0.0	-8.5
NKT Group	4.0	24.1	19.0	15.1	62.2	-2.5	11.8	6.8	-24.1	-8.0	-25.6	-9.4	-12.1	-23.9	-71.0	-14.8	-7.4	-0.9	-14.9	-38.0	4.3	17.5	20.8	0.0	42.6
EBIT
NKT	-7.5	19.5	13.3	-6.3	19.0	-2.5	5.3	-3.0	-38.4	-38.6	-20.0	-14.8	-18.8	-34.1	-87.7	-10.9	-12.3	0.3	-15.5	-38.4	10.8	21.0	6.6	0.0	38.4
NKT Photonics	-3.1	-0.5	-1.8	3.7	-1.7	-3.1	-1.0	0.0	5.2	1.1	-2.6	1.5	1.8	4.0	4.7	-4.3	-3.8	-2.2	0.8	-9.5	-4.7	-3.5	-0.3	0.0	-8.5
NKT Group	-10.6	19.0	11.5	-2.6	17.3	-5.6	4.3	-3.0	-33.2	-37.5	-22.6	-13.3	-17.0	-30.1	-83.0	-15.2	-16.1	-1.9	-14.7	-47.9	6.1	17.5	6.3	0.0	29.9
Cash flow from operating activities
NKT	-23.0	8.6	29.6	63.0	78.2	-131.8	39.8	-35.5	81.2	-46.3	-51.8	19.3	10.4	139.9	117.8	-118.3	-10.0	158.8	105.1	135.6	-22.7	-99.7	149.6	0.0	27.2
NKT Photonics	1.5	-2.5	0.9	-0.3	-0.4	0.0	-3.4	0.7	6.8	4.1	-2.8	3.8	0.6	5.6	7.2	-3.2	-1.8	-0.1	5.8	0.7	0.4	0.1	-3.8	0.0	-3.3
NKT Group	-21.5	6.1	30.5	62.7	77.8	-131.8	36.4	-34.8	88.0	-42.2	-54.6	23.1	11.0	145.5	125.0	-121.5	-11.8	158.7	110.9	136.3	-22.3	-99.6	145.8	0.0	23.9
Cash flow from investing activities excl. acq. & div.
NKT	-12.5	-16.4	-13.0	-21.1	-63.0	-8.7	-10.9	-8.7	-20.8	-49.1	-6.4	-16.7	-13.1	-16.1	-52.3	-10.0	-17.3	-14.4	-49.1	-90.8	-28.3	-52.4	-44.2	0.0	-124.9
NKT Photonics	-1.0	-2.3	-1.4	-2.8	-7.5	-0.9	-2.5	-2.3	-6.1	-11.8	-3.2	-4.2	-4.2	-5.1	-16.7	-4.4	-4.0	-3.5	-4.7	-16.6	-3.4	-3.3	-3.1	0.0	-9.8
NKT Group	-13.5	-18.7	-14.4	-23.9	-70.5	-9.6	-13.4	-11.0	-26.9	-60.9	-9.6	-20.9	-17.3	-21.2	-69.0	-14.4	-21.3	-17.9	-53.8	-107.4	-31.7	-55.7	-47.3	0.0	-134.7
Free cash flow excl. acq. & div.
NKT	-35.5	-7.8	16.6	41.9	15.2	-140.5	28.9	-44.2	60.4	-95.4	-58.2	2.6	-2.7	123.8	65.5	-128.3	-27.3	144.4	56.0	44.8	-51.0	-152.1	105.4	0.0	-97.7
NKT Photonics	0.5	-4.8	-0.5	-3.1	-7.9	-0.9	-5.9	-1.6	0.7	-7.7	-6.0	-0.4	-3.6	0.5	-9.5	-7.6	-5.8	-3.6	1.1	-15.9	-3.0	-3.2	-6.9	0.0	-13.1
NKT Group	-35.0	-12.6	16.1	38.8	7.3	-141.4	23.0	-45.8	61.1	-103.1	-64.2	2.2	-6.3	124.3	56.0	-135.9	-33.1	140.8	57.1	28.9	-54.0	-155.3	98.5	0.0	-110.8
Working Capital
NKT - Solutions	-72.5	-56.1	-84.3	-134.6	-134.6	-32.8	-65.4	-24.5	-108.1	-108.1	-76.5	-83.3	-65.1	-167.1	-167.1	-130.5	-62.5	-194.1	-196.8	-196.8	-111.3	5.4	-81.5	0.0	-81.5
NKT - Applications	36.5	15.4	31.2	22.1	22.1	50.4	54.6	62.7	46.4	46.4	70.1	52.1	46.2	17.5	17.5	76.0	67.7	57.9	40.2	40.2	65.5	108.9	98.8	0.0	98.8
NKT - Service & Accessories	9.0	15.3	8.6	7.9	7.9	15.2	13.0	7.9	9.7	9.7	16.0	15.2	19.3	10.4	10.4	9.3	9.9	14.5	13.2	13.2	3.3	15.0	15.8	0.0	15.8
Non-allocated items	-8.2	-5.2	6.9	-1.9	-1.9	-4.1	12.6	15.1	35.8	35.8	15.2	20.0	-5.1	-7.1	-7.1	-14.1	-12.2	-8.7	-21.1	-21.1	-22.7	-16.5	-26.5	0.0	-26.5
NKT	-35.2	-30.6	-37.6	-106.5	-106.5	28.7	14.8	61.2	-16.2	-16.2	24.8	4.0	-4.7	-146.3	-146.3	-59.3	2.9	-130.4	-164.5	-164.5	-65.2	112.8	6.6	0.0	6.6
NKT Photonics	12.2	16.2	17.0	23.1	23.1	19.6	22.5	20.9	24.0	24.0	26.6	26.9	27.8	28.2	28.2	29.3	30.8	30.9	27.4	27.4	26.3	25.8	31.8	0.0	31.8
Non-allocated items	0.0	0.0	0.0	-0.1	-0.1	0.0	0.0	0.0	-0.1	-0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Group	-23.0	-14.4	-20.6	-83.5	-83.5	48.3	37.3	82.1	7.7	7.7	51.4	30.9	23.1	-118.1	-118.1	-30.0	33.7	-99.5	-137.1	-137.1	-38.9	138.6	38.4	0.0	38.4
Organic growth
NKT - Solutions	6%	12%	0%	-4%	-29%	-29%	-32%	35%	-18%	37%	21%	47%	6%	26%	27%	19%	5%	0%	16%
NKT - Applications	4%	11%	-2%	5%	3%	-8%	3%	-4%	-2%	3%	10%	5%	-8%	3%	2%	6%	15%	0%	8%
NKT - Service & Accessories	26%	19%	-1%	9%	-18%	9%	19%	17%	5%	10%	4%	34%	11%	15%	82%	90%	18%	0%	60%
NKT	-8%	8%	24%	-1%	7%	7%	12%	-1%	-16%	0%	-16%	-17%	-16%	16%	-10%	19%	15%	28%	1%	15%	21%	21%	10%	0%	17%
NKT Photonics	-18%	26%	0%	13%	7%	18%	25%	21%	7%	16%	17%	1%	7%	15%	10%	-13%	-20%	3%	3%	-6%	26%	28%	10%	0%	20%
Capital employed
NKT	1,006.7	1,139.4	1,120.7	1,040.5	1,040.5	1,140.5	1,104.3	1,158.3	1,065.3	1,065.3	1,113.5	1,083.5	1,054.5	941.6	941.6	993.7	1,075.9	937.1	939.8	939.8	0.0	1,238.4	1,109.4	0.0	1,109.4
NKT Photonics	46.3	49.8	62.6	69.0	69.0	67.1	72.4	73.7	78.6	78.6	93.7	96.7	101.7	104.4	104.4	108.3	110.1	110.4	110.7	110.7	0.0	109.7	116.6	0.0	116.6
NKT Group	1,053.0	1,189.2	1,183.3	1,109.5	1,109.5	1,207.6	1,176.7	1,232.0	1,143.9	1,143.9	1,207.2	1,180.2	1,156.2	1,046.0	1,046.0	1,102.0	1,186.0	1,047.5	1,050.5	1,050.5	0.0	1,348.1	1,226.0	0.0	1,226.0
RoCE
NKT	9.5%	9.2%	8.7%	7.5%	7.5%	5.3%	4.1%	2.9%	-0.8%	-0.8%	-2.9%	-5.1%	-7.1%	-7.2%	-7.2%	-6.1%	-5.4%	-4.1%	-2.9%	-2.9%	-0.9%	1.5%	3.4%	0.0%	3.4%
NKT Photonics	neg.	neg.	neg.	-3.1%	-3.1%	neg.	neg.	neg.	1.6%	1.6%	2.2%	5.1%	6.8%	4.9%	4.9%	3.0%	-2.2%	-5.9%	-8.8%	-8.8%	-9.0%	-8.7%	-6.9%	0.0%	-6.9%
NKT Group	12.1%	12.8%	14.0%	11.8%	11.8%	7.8%	4.8%	2.5%	-0.7%	-0.7%	-2.6%	-4.4%	-6.0%	-6.2%	-6.2%	-5.3%	-5.1%	-4.2%	-3.5%	-3.5%	-1.7%	0.5%	2.4%	0.0%	2.4%
FTE, end of period
NKT	3,703	3,358	3,389	3,393	3,393	3,393	3,452	3,424	3,419	3,419	3,342	3,275	3,271	3,303	3,303	3,351	3,354	3,429	3,469	3,469
NKT Photonics	254	263	310	302	302	296	322	348	349	349	356	367	380	403	403	411	407	407	417	417
Average numbers of employees
NKT	3,340	3,357	3,397	3,467	3,390	3,571	3,729	3,876	0	3,725
NKT Photonics	409	407	405	418	410	401	391	392	0	395
*) Standard metalprices at 1,550 EUR/tonne for copper and 1,350 EUR/tonne for aluminium

OLD Segment Data 2005-2019

Note: Q4 and total excl. Nilfisk
NKT Group	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
Segment Data (EURm)	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total
Revenue
NKT, market prices	86.4	116.8	128.1	142.4	473.7	138.7	184.3	186.6	197.6	707.1	224.7	274.9	265.4	258.4	1,023.4	249.1	281.5	275.3	236.5	1,042.4	170.5	239.1	228.6	218.7	856.8	215.3	276.0	309.8	342.6	1,143.6	292.5	310.9	316.2	300.3	1,219.9	246.6	289.8	301.6	306.4	1,144.4	241.5	300.3	329.7	334.4	1,205.8	277.0	294.9	311.7	289.3	1,172.9	309.1	338.7	282.1	282.0	1,211.9	223.0	267.8	257.9	255.0	1,003.7	273.8	390.3	396.6	368.2	1,428.9	351.1	407.2	367.0	309.3	1,434.6	279.8	337.8	308.6	342.0	1,268.2
Nilfisk (discontinued operations)	160.4	187.1	167.4	171.4	686.3	181.6	193.0	173.4	182.0	730.1	192.2	205.4	180.8	198.0	776.4	199.1	219.7	191.4	179.3	789.5	176.9	177.7	166.7	168.3	689.7	190.3	205.6	184.2	191.3	771.4	208.3	221.6	201.5	215.2	846.6	219.6	227.2	203.6	220.8	871.3	222.1	233.7	208.9	216.0	880.7	233.2	236.6	209.3	238.5	917.6	241.1	253.2	230.6	246.7	971.5	255.4	276.5	250.3	276.3	1,058.5	269.0	280.0	252.7
Priorparken	0.3	0.1	0.1	0.0	0.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Flexibles	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Photonics	3.4	3.9	3.6	3.1	14.0	3.1	3.0	2.4	4.3	12.8	2.7	4.2	3.9	4.3	15.0	3.2	7.1	6.3	6.3	23.0	6.2	5.0	4.7	5.6	21.5	5.2	6.4	6.0	7.1	24.8	5.8	6.7	7.4	8.3	28.2	7.9	7.0	6.8	10.1	31.8	7.4	8.3	8.3	11.7	35.7	8.7	9.0	8.7	12.5	38.9	8.7	8.3	10.9	12.7	40.6	7.2	8.9	10.8	16.2	43.1	7.5	11.2	11.2	21.0	50.9	12.4	17.6	15.2	22.5	67.7	14.5	17.9	16.7	25.5	74.6
Other companies	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Parent company, other and eliminations	0.0	-0.3	0.3	0.0	0.0	0.4	0.5	0.4	0.4	1.7	0.5	0.4	0.4	-0.7	0.7	0.4	0.3	0.5	0.0	1.2	0.1	0.3	0.1	0.3	0.8	0.1	-0.1	0.0	-0.1	-0.1	0.0	-0.1	0.0	0.0	-0.1	-0.1	0.0	0.1	-0.1	-0.1	0.0	-0.3	0.4	-0.3	-0.1	-0.1	0.1	0.0	-0.1	-0.1	0.0	0.0	-0.1	-0.4	-0.5	0.0	0.0	-0.7	-0.7	0.0	0.0	0.0	-0.5	-0.5	0.0	-0.1	-0.4	-0.2	-0.7	0.0	-0.3	0.0	-0.1	-0.4
250.5	307.7	299.5	316.9	1,174.5	323.8	380.8	362.8	384.3	1,451.7	420.1	484.8	450.5	460.0	1,815.4	451.8	508.6	473.6	422.1	1,856.1	353.7	422.0	400.1	392.9	1,568.7	411.0	487.9	500.0	540.8	1,939.7	506.6	539.1	525.1	523.8	2,094.5	474.0	524.0	512.2	537.2	2,047.4	471.0	542.0	547.2	561.7	2,122.0	518.8	540.7	529.7	540.1	2,129.3	558.9	600.1	523.5	541.0	2,223.6	485.6	553.2	519.0	546.8	2,104.6	550.3	681.5	660.5	388.7	1,479.3	363.5	424.7	381.8	331.6	1,501.6	294.3	355.4	325.3	367.4	1,342.4
0.0	0.0	0.0	0.0
NKT, standard prices **)	76.1	99.6	107.4	114.1	397.2	103.4	120.0	116.1	124.0	463.5	145.4	175.2	166.4	170.3	657.3	159.6	186.4	179.5	174.0	699.5	131.3	178.3	159.1	155.0	623.6	139.1	184.4	204.8	216.2	744.6	170.2	184.8	197.4	203.9	756.4	149.3	179.1	196.9	202.4	727.7	154.2	196.4	223.0	234.1	807.7	185.0	202.1	222.4	203.2	812.8	216.6	233.0	197.3	210.6	857.6	163.3	200.1	196.3	190.7	750.4	185.2	288.1	303.2	281.5	1,058.0	254.5	306.4	286.9	232.3	1,080.1	205.4	245.0	232.4	262.2	945.0
Total Revenue, standard prices	240.1	290.5	278.8	288.6	1,098.0	288.5	316.5	292.3	310.7	1,208.1	340.8	385.1	351.5	371.9	1,449.4	362.3	413.6	377.7	359.6	1,513.2	314.5	361.2	330.6	329.3	1,335.6	334.8	396.4	395.0	414.5	1,540.7	384.3	413.0	406.3	427.4	1,631.0	376.6	413.3	407.5	433.2	1,630.6	383.8	438.1	440.5	461.5	1,723.9	426.7	447.9	440.4	454.1	1,769.1	466.4	494.5	438.7	469.6	1,869.2	425.9	485.5	457.4	482.5	1,851.3	461.7	579.3	567.1	302.0	1,108.4	266.9	324.0	301.6	254.6	1,147.1	219.9	262.6	249.1	287.6	1,019.2
Operational EBITDA *)
NKT	7.9	11.0	19.1	6.2	44.2	3.8	1.2	9.7	9.8	24.4	5.4	6.0	13.7	13.8	38.9	5.8	9.4	13.8	16.0	45.0	6.6	15.4	18.1	24.8	65.0	14.5	32.6	14.6	15.3	77.0	12.1	21.5	20.5	18.4	72.5	17.8	42.9	43.8	33.8	138.3	20.4	32.1	26.1	-8.4	70.2	-2.4	9.4	6.9	1.2	15.1
Nilfisk (discontinued operations)	23.1	25.5	17.4	16.1	82.1	24.3	26.8	21.6	25.5	98.3	26.3	27.9	21.2	28.6	104.0	25.2	30.1	20.9	28.2	104.4	28.6	29.3	18.9	30.5	107.2	24.4	28.7	21.5	23.3	97.9	27.2	32.5	26.6	30.5	116.8	35.1	35.9	22.4
NKT Flexibles (share of profit)	2.3	3.1	2.3	4.4	12.1	3.8	2.8	11.9	2.7	21.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Photonics	-0.8	-0.7	-0.3	0.3	-1.5	-1.1	-0.1	0.4	0.9	0.1	-0.1	-0.5	-0.1	2.0	1.2	-0.7	-0.1	0.3	1.3	0.8	0.0	-0.3	0.1	3.0	2.8	-0.1	-1.1	1.9	3.0	3.7	-0.3	-0.3	0.9	6.0	6.3	-2.1	0.7	-0.8	5.7	3.5	-1.5	1.0	1.5	8.0	9.0	-0.4	3.9	3.9	7.2	14.6
Parent company, other and eliminations	-0.9	-1.1	-1.3	-1.1	-4.4	-1.1	-1.5	-1.2	-1.2	-5.0	-0.8	-1.5	-1.1	-1.3	-4.7	-1.2	-1.7	-0.7	-0.9	-4.6	-1.1	-1.1	-0.8	-1.7	-4.7	-0.8	-1.1	-0.9	-0.6	-3.4	-0.7	-0.8	-0.6	-1.8	-3.9	0.0	0.0	0.0	0.0	0.1	0.1	0.0
31.5	37.9	37.2	25.9	132.5	29.7	29.3	42.4	37.7	139.1	30.7	31.9	33.7	43.1	139.5	29.1	37.6	34.4	44.6	145.6	34.1	43.4	36.4	56.5	170.3	38.0	59.2	37.0	41.0	175.2	38.3	52.9	47.4	53.1	191.7	50.8	79.5	65.4	39.5	141.8	18.9	33.1	27.6	-0.3	79.3	-2.8	13.3	10.8	8.4	29.7
Oper. EBITDA% - Group, std. prices	9.4%	9.5%	9.4%	6.3%	8.6%	7.7%	7.1%	10.4%	8.8%	8.5%	8.2%	7.7%	8.3%	9.9%	8.6%	7.6%	8.6%	7.8%	9.7%	8.4%	8.0%	9.7%	8.3%	12.4%	9.6%	8.1%	12.0%	8.4%	8.8%	9.4%	9.0%	10.9%	10.4%	11.0%	10.4%	11.0%	13.7%	11.5%	13.1%	12.8%	7.1%	10.2%	9.1%	-0.1%	6.9%	-1.3%	5.1%	4.3%	2.9%	2.9%
- NKT, std. prices	5.7%	6.0%	9.3%	2.9%	5.9%	2.2%	0.7%	4.9%	4.8%	3.2%	3.6%	3.4%	7.0%	6.8%	5.3%	3.7%	4.8%	6.2%	6.8%	5.6%	3.6%	7.6%	8.1%	12.2%	8.0%	6.7%	14.0%	7.4%	7.2%	9.0%	7.4%	10.8%	10.4%	9.6%	9.7%	9.6%	14.9%	14.4%	12.0%	13.1%	8.0%	10.5%	9.1%	-3.6%	6.5%	-1.2%	3.8%	3.0%	0.5%	1.6%
- Nilfisk	12.1%	12.4%	9.5%	8.4%	10.6%	11.7%	12.1%	10.7%	11.9%	11.6%	12.0%	12.3%	10.4%	12.9%	11.9%	11.4%	12.9%	10.0%	13.1%	11.9%	12.3%	12.4%	9.0%	12.8%	11.7%	10.1%	11.3%	9.3%	9.5%	10.1%	10.7%	11.8%	10.6%	11.0%	11.0%	13.0%	12.8%	8.9%
- NKT Photonics	-18.6%	-2.0%	5.5%	11.3%	0.5%	-1.7%	-7.7%	-2.0%	20.0%	3.8%	-9.1%	-1.6%	3.2%	11.5%	2.3%	0.0%	-3.0%	1.5%	23.7%	7.2%	-1.5%	-12.9%	17.3%	25.3%	9.6%	neg.	neg.	10.1%	37.0%	14.7%	neg.	6.3%	neg.	27.1%	6.9%	-12.1%	5.7%	9.9%	35.6%	13.3%	-2.7%	21.7%	23.3%	28.2%	19.6%
EBITDA
NKT	3.1	8.3	10.6	10.5	32.5	8.3	13.3	16.1	11.0	48.7	14.2	26.2	25.1	31.0	96.5	16.5	25.6	21.6	4.0	67.8	2.0	19.5	15.8	12.8	50.1	8.1	10.9	19.1	6.2	44.2	3.9	1.2	9.5	9.8	24.4	5.2	6.0	13.8	13.8	38.9	5.8	9.4	13.8	20.9	49.9	-0.8	1.9	12.1	10.9	24.0	9.4	28.1	9.8	6.6	53.8	9.7	19.4	-11.6	8.7	26.2	3.2	37.8	36.3	16.1	93.4	17.3	24.6	16.3	-17.4	40.8	0.6	5.5	2.0	-5.0	3.1
Nilfisk	13.6	16.0	15.3	18.1	63.0	15.7	36.1	16.9	16.6	85.4	19.6	23.4	18.0	24.2	85.1	20.7	25.9	14.1	14.9	75.6	11.4	9.1	11.1	10.9	42.6	20.1	22.4	14.0	14.1	70.6	23.5	25.9	21.1	23.4	93.8	26.2	26.6	19.6	27.7	100.0	25.2	30.1	20.9	28.2	104.4	41.6	29.3	18.9	30.5	120.3	24.4	28.7	21.5	23.3	97.9	27.2	32.5	17.5	19.6	96.8	30.9	33.2	19.1
Priorparken	0.5	0.3	0.0	0.1	0.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Flexibles (share of profit)	-0.5	-0.1	0.1	1.9	1.3	0.8	2.1	2.0	2.1	7.1	2.1	4.7	2.8	6.6	16.2	6.3	12.2	10.2	1.1	29.8	5.0	5.8	5.2	2.3	18.3	2.1	3.1	2.4	4.4	12.1	3.8	2.8	12.1	2.6	21.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Photonics	0.0	-0.5	-0.1	-0.4	-1.1	-0.7	-0.8	-0.9	0.0	-2.4	-1.2	-0.3	-0.4	-0.5	-2.4	-1.7	0.0	-0.7	-1.6	-4.0	-1.1	-1.6	-1.2	-0.3	-4.2	-0.8	-0.7	-0.3	0.3	-1.5	-1.1	-0.1	0.4	0.9	0.1	-0.1	-0.5	-0.1	2.0	1.2	-0.7	-0.1	0.3	1.3	0.8	0.0	-0.3	0.1	3.0	2.8	-0.1	-1.1	1.9	3.0	3.7	-0.3	-0.3	0.9	6.0	6.3	-2.1	0.7	-0.8	5.7	3.5	-1.5	1.0	1.5	8.0	9.0	-0.4	3.9	3.9	7.2	14.6
Other companies	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Parent company, other and eliminations	0.1	-0.5	-0.4	-0.1	-0.9	-0.5	-0.7	0.1	-0.5	-1.6	-0.4	-0.7	-0.8	-1.2	-3.1	-0.8	-1.9	-1.1	-1.9	-5.6	-0.3	-0.9	-0.8	0.4	-1.6	-0.9	-1.1	-1.6	-1.1	-4.7	-1.1	-1.6	-1.2	-1.1	-5.0	-0.7	-1.3	-1.2	-1.5	-4.7	-1.2	-1.9	-2.7	-1.3	-7.1	-1.1	-1.1	-0.8	-1.7	-4.7	-0.8	-1.1	-0.9	-0.6	-3.4	-0.7	-0.8	-0.6	-2.5	-4.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
16.8	23.4	25.5	30.1	95.7	23.6	50.1	34.2	29.3	137.2	34.4	53.3	44.7	60.0	192.3	40.9	61.9	44.2	16.5	163.5	17.0	31.8	30.2	26.0	105.1	28.6	34.6	33.6	23.9	120.7	29.0	28.2	41.9	35.6	134.6	30.6	30.7	32.1	42.0	135.4	29.1	37.4	32.3	49.1	148.1	39.7	29.8	30.3	42.6	142.4	32.9	54.6	32.2	32.3	152.0	35.9	50.8	6.2	31.8	124.7	32.0	71.7	54.6	21.8	96.9	15.8	25.6	17.8	-9.4	49.8	0.2	9.4	5.9	2.2	17.7
EBITDA% - Group	6.7%	7.6%	8.5%	9.5%	8.1%	7.3%	13.1%	9.4%	7.6%	9.4%	8.2%	11.0%	9.9%	13.0%	10.6%	9.1%	12.2%	9.3%	3.9%	8.8%	4.8%	7.5%	7.5%	6.6%	6.7%	7.0%	7.1%	6.7%	4.4%	6.2%	5.7%	5.2%	8.0%	6.8%	6.4%	6.5%	5.9%	6.3%	7.8%	6.6%	6.2%	6.9%	5.9%	8.7%	7.0%	7.7%	5.5%	5.7%	7.9%	6.7%	5.9%	9.1%	6.2%	6.0%	6.8%	7.4%	9.2%	1.2%	5.8%	5.9%	5.8%	10.5%	8.3%	6.6%	4.3%	6.0%	4.7%	-2.8%	3.3%	0.1%	2.6%	1.8%	0.6%	1.3%
- NKT, market prices	3.6%	7.1%	8.3%	7.4%	6.9%	6.0%	7.2%	8.6%	5.6%	6.9%	6.3%	9.5%	9.5%	12.0%	9.4%	6.6%	9.1%	7.8%	1.7%	6.5%	1.2%	8.1%	6.9%	5.8%	5.8%	3.7%	3.9%	6.2%	1.8%	3.9%	1.3%	0.4%	3.0%	3.3%	2.0%	2.1%	2.1%	4.6%	4.5%	3.4%	2.4%	3.1%	4.2%	6.3%	4.1%	-0.3%	0.6%	3.9%	3.8%	2.0%	3.0%	8.3%	3.5%	2.3%	4.4%	4.3%	7.2%	-4.5%	3.4%	2.6%	1.2%	9.7%	9.2%	6.5%	4.9%	6.0%	4.4%	-5.6%	2.8%	0.2%	1.6%	0.6%	-1.5%	0.2%
- NKT, standard prices	4.1%	8.4%	9.9%	9.2%	8.2%	8.1%	11.1%	13.9%	8.9%	10.5%	9.8%	14.9%	15.1%	18.2%	14.7%	10.3%	13.8%	12.0%	2.3%	9.7%	1.5%	10.9%	10.0%	8.2%	8.0%	5.8%	5.9%	9.3%	2.9%	5.9%	2.3%	0.7%	4.8%	4.8%	3.2%	3.5%	3.4%	7.0%	6.8%	5.3%	3.7%	4.8%	6.2%	8.9%	6.2%	-0.4%	0.9%	5.4%	5.4%	3.0%	4.3%	12.0%	5.0%	3.1%	6.3%	5.9%	9.7%	-5.9%	4.6%	3.5%	1.7%	13.1%	12.0%	8.8%	6.8%	8.0%	5.7%	-7.5%	3.8%	0.3%	2.2%	0.9%	-1.9%	0.3%
- Nilfisk	8.5%	8.5%	9.1%	10.6%	9.2%	8.6%	18.7%	9.8%	9.1%	11.7%	10.2%	11.4%	9.9%	12.2%	11.0%	10.4%	11.8%	7.4%	8.3%	9.6%	6.4%	5.1%	6.7%	6.5%	6.2%	10.6%	10.9%	7.6%	7.4%	9.2%	11.3%	11.7%	10.5%	10.9%	11.1%	11.9%	11.7%	9.6%	12.5%	11.5%	11.4%	12.9%	10.0%	13.1%	11.9%	17.8%	12.4%	9.0%	12.8%	13.1%	10.1%	11.3%	9.3%	9.4%	10.1%	10.7%	11.8%	7.0%	7.1%	9.1%	11.5%	11.9%	7.6%
EBITA
NKT Cables
Nilfisk-Advance
Priorparken
NKT Flexibles
Photonics Group
Other companies
Parent company and eliminations
EBITA% - Group
- NKT Cables, market prices
- NKT Cables, standard prices
- Nilfisk-Advance
EBIT
NKT	0.8	6.3	8.7	7.7	23.5	6.8	11.7	14.0	7.9	40.4	10.3	21.9	19.5	25.4	77.0	11.5	20.5	16.1	-8.2	40.0	-3.5	14.0	9.5	6.4	26.4	1.7	4.0	11.7	-2.8	14.6	-4.8	-7.5	0.3	-8.6	-20.7	-3.9	-3.4	3.9	3.1	-0.3	-3.9	-0.4	3.4	3.0	2.0	-10.7	-8.2	2.7	-1.1	-17.3	-0.7	-20.4	0.8	-3.3	-23.6	0.3	10.1	-21.0	0.0	-10.6	-7.5	19.5	13.3	-6.3	19.0	-2.5	5.3	-3.0	-38.4	-38.6	-20.0	-14.8	-18.8	-45.7	-99.3
Nilfisk	9.5	11.8	11.0	12.5	44.8	10.6	31.7	12.5	13.4	68.2	15.3	19.2	12.5	19.3	66.3	15.7	20.3	8.3	8.2	52.5	5.1	3.2	5.4	5.2	18.9	14.4	16.5	7.9	6.8	45.6	16.8	19.5	14.0	15.6	65.8	19.1	19.2	11.7	19.6	69.5	18.3	23.0	13.8	20.7	75.7	34.2	22.1	11.8	22.1	90.3	16.8	20.5	12.5	13.9	63.7	17.6	22.6	0.9	12.9	54.0	30.9	33.2	19.1
Priorparken	0.5	0.3	0.0	0.1	0.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Flexibles (share of profit)	-0.5	-0.1	0.1	1.9	1.3	0.8	2.1	2.0	2.1	7.1	2.1	4.7	2.8	6.6	16.2	6.3	12.2	10.2	1.1	29.8	5.0	5.8	5.2	2.3	18.3	2.1	3.1	2.4	4.4	12.1	3.8	2.8	12.1	2.6	21.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Photonics	-0.5	-1.1	-0.5	-1.7	-3.9	-1.1	-1.2	-1.5	-0.4	-4.2	-1.6	-0.7	-0.9	-1.1	-4.3	-2.3	-0.5	-1.2	-2.1	-6.2	-1.6	-2.1	-1.7	-0.8	-6.3	-1.2	-1.1	-0.7	-0.1	-3.1	-1.5	-0.5	-0.1	0.5	-1.6	-0.7	-0.9	-0.8	1.3	-1.1	-1.2	-0.7	-0.4	-0.1	-2.4	-0.8	-1.3	-0.7	2.1	-0.7	-0.9	-4.4	0.8	2.1	-2.5	-1.0	-1.6	-0.1	4.2	1.5	-3.1	-0.5	-1.8	3.7	-1.7	-3.1	-1.0	0.0	5.2	1.1	-2.6	1.5	1.8	3.3	4.0
Other companies	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Parent company, other and eliminations	0.1	-0.4	-0.7	-0.7	-1.6	-0.5	-0.8	0.1	-0.5	-1.7	-0.5	-0.7	-0.5	-1.5	-3.2	-0.9	-1.9	-1.1	-2.4	-6.3	-0.1	-1.2	-0.8	0.7	-1.5	-0.9	-1.1	-1.5	-1.3	-4.8	-1.2	-1.3	-1.3	-1.1	-5.0	-0.7	-1.6	-1.1	-1.3	-4.7	-1.3	-1.9	-2.7	-1.2	-7.1	-1.1	-1.1	-0.8	-1.6	-4.6	-0.7	-1.3	-0.5	-0.9	-3.5	-0.7	-0.8	-0.6	-2.5	-4.6	0.0	0.0	0.0	0.0	0.0	0.0
9.9	16.8	18.7	19.7	65.1	16.6	43.5	27.1	22.6	109.8	25.6	44.4	33.3	48.7	152.1	30.3	50.6	32.3	-3.5	109.8	4.8	19.6	17.6	13.8	55.8	16.1	21.5	19.9	7.0	64.4	13.0	12.9	24.8	9.0	59.7	13.8	13.3	13.7	22.7	63.5	11.8	20.0	14.1	22.3	68.2	21.6	11.5	13.0	21.6	67.8	14.5	-5.6	13.6	11.8	34.2	16.2	30.3	-20.8	14.6	40.3	20.3	52.2	30.6	-2.6	17.3	-5.6	4.3	-3.0	-33.2	-37.5	-22.6	-13.3	-17.0	-42.4	-95.3
Capital employed
NKT	96.5	102.1	118.9	121.6	157.9	158.3	173.2	166.8	305.8	332.9	328.9	298.0	351.1	398.3	416.1	327.8	327.3	392.8	424.6	444.7	515.7	580.0	633.0	631.0	696.8	701.1	645.5	600.0	610.7	628.9	661.9	583.4	643.6	647.0	657.9	611.7	565.8	566.8	596.9	491.4	505.2	463.5	437.6	381.3	393.7	404.1	374.4	348.4	1,006.7	1,139.1	1,120.7	1,040.5	1,140.5	1,104.3	1,158.3	1,065.3	1,113.5	1,083.5	1,054.5	941.6
Nilfisk	287.1	306.7	313.3	324.0	344.7	323.1	310.6	314.4	322.1	329.8	342.7	337.0	358.5	382.6	390.1	379.7	381.5	358.5	339.3	346.3	376.5	399.7	383.8	389.0	400.7	403.8	427.8	433.8	444.8	449.0	438.1	412.5	452.9	456.2	432.5	412.6	436.4	446.3	461.6	440.7	500.8	515.2	513.7	501.6	541.6	545.4	520.1	490.7	535.3	535.6	530.1
Priorparken	-1.2	-1.9	-1.9	-1.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
NKT Flexibles (NKT share)	8.1	8.1	8.2	11.0	11.7	13.2	14.6	16.0	12.9	16.5	18.5	22.7	24.0	33.2	40.5	40.9	44.6	49.3	57.6	59.2	60.8	52.5	56.4	59.3	62.6	64.6	75.4	77.4	77.4	0.0	0.0	0.0
NKT Photonics	9.9	9.9	10.1	13.0	14.0	13.2	14.9	13.4	13.4	13.6	14.5	12.9	17.0	18.3	17.7	16.1	16.3	17.7	16.6	16.4	19.6	22.1	21.9	23.1	23.0	24.8	24.7	24.6	24.8	25.4	25.8	28.2	27.4	30.1	28.3	26.8	27.1	27.2	27.9	27.0	25.8	22.3	20.9	19.2	43.0	44.6	45.0	49.3	46.3	49.8	62.6	69.0	67.1	72.4	73.7	78.6	93.7	96.7	101.7	104.4
Other companies	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Parent company, other and eliminations	21.3	21.5	21.1	1.1	2.1	4.8	2.8	3.4	2.7	4.0	6.2	1.2	-0.3	3.0	3.4	3.9	4.3	4.4	2.1	1.2	-2.7	-1.6	-2.0	0.7	0.1	4.2	4.7	4.6	4.7	4.2	2.8	2.3	-2.4	0.8	5.0	-6.2	-8.5	-7.0	-7.5	-4.7	-6.6	-4.6	-5.0	-3.7	-3.4	-4.2	-4.7	-5.4	0.0	0.0	0.0
421.7	446.4	469.7	469.7	530.3	512.5	516.1	514.0	656.9	696.8	710.7	671.8	750.5	835.2	867.8	768.5	773.9	822.7	840.3	867.8	969.9	1,052.8	1,093.0	1,103.1	1,183.1	1,198.4	1,178.1	1,140.4	1,162.6	1,107.4	1,128.6	1,026.3	1,121.5	1,134.1	1,123.6	1,045.0	1,020.8	1,033.4	1,078.9	954.4	1,025.2	996.4	967.2	898.4	974.9	989.9	934.8	883.0	1,588.3	1,724.5	1,713.4	1,109.5	1,207.6	1,176.7	1,232.0	1,143.9	1,207.2	1,180.2	1,156.2	1,046.0
RoCE% (Last 12 months) - Group *)	14.7%	15.2%	16.6%	17.7%	18.7%	19.1%	20.7%	20.3%	22.0%	21.1%	20.9%	20.4%	16.4%	13.2%	10.0%	8.3%	9.4%	10.3%	9.4%	8.9%	7.5%	6.5%	5.3%	5.4%	5.5%	5.5%	5.6%	4.8%	6.2%	6.0%	6.5%	6.5%	6.7%	7.1%	7.7%	8.1%	9.4%	9.7%	11.2%	11.2%	10.1%	10.0%	9.3%	10.5%	11.7%	12.1%	12.8%	12.5%	11.8%	7.8%	4.8%	2.5%	-0.7%	-2.6%	-4.4%	-6.0%	-6.2%
- NKT *)	22.6%	9.4%	26.5%	27.5%	26.0%	22.8%	23.8%	22.8%	23.6%	21.3%	19.8%	17.9%	14.0%	9.6%	7.6%	5.8%	6.9%	7.5%	4.6%	4.6%	2.6%	1.3%	-0.5%	-2.3%	-3.2%	-3.0%	-2.4%	-1.9%	-0.0%	-0.0%	0.4%	0.3%	0.8%	0.8%	1.9%	2.8%	4.2%	5.8%	9.3%	9.0%	8.2%	8.2%	6.1%	8.0%	9.3%	9.5% Per Frederiksen: RoCE has been adjusted to reflect that the acquired ABB HV Cables activities have been part of NKT from 1 March 2017	9.2%	8.7%	7.5%	5.3%	4.1%	2.9%	-0.8%	-2.9%	-5.1%	-7.1%	-7.2%
- Nilfisk *)	14.8%	14.4%	14.8%	15.1%	16.6%	18.1%	18.9%	18.6%	20.1%	19.7%	19.4%	18.7%	16.0%	13.5%	11.1%	10.8%	10.9%	13.5%	15.9%	15.9%	15.1%	14.7%	14.7%	15.3%	17.1%	17.0%	16.7%	16.1%	17.1%	16.7%	17.2%	17.4%	17.5%	18.0%	17.8%	17.4%	17.6%	15.9%	15.1%	14.8%	12.9%	12.5%	12.7%	13.5%	14.6%	17.7%	20.3%	25.9%
*) adj. for non-rucurring items	Nilfisk depreciation and amortisation is, in accordance
**) Standard metalprices at 1,550 EUR/tonne for copper	with IFRS rules for discontinued operations, ceased
and 1,350 EUR/tonne for aluminium	with effect from Dec. 2016.

OLD Valuation 2005-2019

Note: Q4 excl. Nilfisk
NKT Group	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
Valuation (EURm)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Number of DKK 20 shares ('000)	24,500	24,500	24,500	24,500	24,500	23,500	23,500	23,500	23,500	23,638	23,638	23,638	23,655	23,718	23,718	23,718	23,718	23,718	23,718	23,718	23,722	23,738	23,738	23,738	23,738	23,738	23,738	23,738	23,888	23,888	23,888	23,888	23,930	23,930	23,930	23,930	23,934	23,934	23,934	23,934	24,186	24,186	24,186	24,186	24,356	24,356	24,398	26,835	27,071	27,112	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,260
Treasury shares ('000)	0	0	1,105	1,105	1,105	78	78	78	78	78	78	78	78	78	78	78	78	78	78	78	78	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	77	176	589	948	0	0	0	0	0	0	0	0	0	0	0
Outstanding shares (´000)	24,500	24,500	23,395	23,395	23,395	23,422	23,422	23,422	23,422	23,560	23,560	23,560	23,577	23,640	23,640	23,640	23,640	23,640	23,640	23,640	23,644	23,661	23,661	23,661	23,661	23,661	23,661	23,661	23,811	23,811	23,811	23,811	23,853	23,853	23,853	23,853	23,857	23,857	23,857	23,857	24,109	24,109	24,109	24,109	24,180	23,767	23,450	26,835	27,071	27,112	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,126	27,260
Market price, DKK, per share	198	229	262	289	389	366	442	503	448	549	586	459	340	383	245	106	97	179	297	291	305	274	270	297	309	329	202	191	254	190	202	204	216	208	274	268	314	374	325	332	445	384	352	357	378	337	427	499	512	522	539	283	197	175	167	89	118	101	133	161
Market capitalisation (EURm)	651.1	753.1	822.8	907.5	1,221.6	1,150.7	1,389.6	1,581.4	1,408.5	1,736.2	1,853.2	1,451.5	1,076.0	1,215.3	777.4	336.4	307.8	567.2	942.4	923.4	968.0	870.2	857.5	943.3	981.4	1,044.9	641.5	606.6	811.8	607.3	645.6	652.0	691.6	666.0	877.3	858.1	1,005.5	1,197.7	1,040.7	1,063.2	1,440.1	1,242.7	1,139.1	1,155.3	1,226.9	1,075.1	1,344.0	1,797.4	1,860.4	1,899.7	1,962.5	1,030.4	717.3	637.2	608.1	323.6	429.1	367.3	483.6	588.3
Hybrid Capital	150.0	152.4	154.4	156.4	150.3	152.4
Non controlling interest (EURm)	7.8	7.9	8.5	8.5	8.6	9.5	1.9	2.6	2.7	2.7	3.9	5.0	5.2	5.6	6.2	5.1	4.3	4.6	5.5	2.8	3.0	3.1	0.9	0.9	0.7	0.8	0.8	0.9	0.8	0.8	0.9	0.9	1.1	0.9	0.9	0.9	0.8	0.8	0.8	0.8	0.9	0.9	0.9	0.9	0.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net interest bearing debt (EURm)	45.2	75.0	115.2	105.6	157.9	163.9	156.8	137.3	266.7	308.7	309.5	267.8	297.3	379.2	378.7	303.4	306.5	347.3	359.9	365.8	455.6	508.7	556.2	551.0	647.1	663.1	640.4	594.5	602.8	361.3	369.3	256.2	372.6	381.1	369.5	283.4	268.3	269.5	284.4	152.3	177.4	193.0	167.5	88.9	158.9	188.2	174.6	-68.4	616.8	742.3	720.1	293.2	432.7	409.5	307.5	248.3	339.0	336.1	349.9	242.2
Enterprise value (EURm)	704.2	836.0	946.4	1,021.6	1,388.0	1,324.1	1,548.3	1,721.2	1,677.9	2,047.6	2,166.6	1,724.3	1,378.5	1,600.2	1,162.3	644.8	618.6	919.1	1,307.8	1,292.0	1,426.5	1,382.0	1,414.7	1,495.2	1,629.1	1,708.8	1,282.7	1,202.0	1,415.4	969.4	1,015.8	909.2	1,065.3	1,048.0	1,247.7	1,142.4	1,274.6	1,468.0	1,326.0	1,216.3	1,618.5	1,436.6	1,307.6	1,245.1	1,386.7	1,263.3	1,518.6	1,729.0	2,477.2	2,642.0	2,682.6	1,323.6	1,150.0	1,046.7	1,065.6	724.3	922.5	859.8	983.8	982.9
EBITDA (Last 12 months)	89.9	93.3	84.3	95.7	102.6	129.3	138.0	137.2	147.9	151.1	161.6	192.3	198.9	207.5	207.0	163.5	139.6	109.5	95.6	105.1	116.6	119.5	122.8	120.7	121.1	114.6	123.0	134.6	136.2	138.8	129.0	135.4	134.0	140.7	140.9	148.1	158.7	151.0	149.0	142.4	135.6	160.4	162.3	152.0	155.0	151.2	125.4	124.7	120.8	141.7	190.1	96.9	111.6	98.7	81.0	49.8	34.2	18.0	6.1	17.7
Adjustments: (LTM)
Gain submarine plant
Real estate gains	-25.6	-25.6	-7.1	-5.2	-5.2	-18.0	-18.5	-14.5	-14.5	0.0	0.0	-9.4	-9.4	-9.4	-9.4	0.0
Restructuring provisions etc.	3.2	7.9	7.9	4.7	4.7	0.0	0.0	0.0	0.0	0.0	4.2	11.0	13.7	21.3	22.3	20.4	20.7	16.2	14.8	11.5	9.3	7.2	4.2	4.4	3.9	4.2	5.2	4.0	3.8	2.7	3.1	-2.4	5.0	18.5	22.4	40.8	38.7	29.5	28.5	23.2	20.7	18.1	54.4	67.0	83.4	89.1	58.7	44.9	33.4	35.8	38.1	29.5	29.8	26.2	21.3	18.4
Annualising acquisitions.	3.4	0.0	0.0	0.0	13.4	8.1	4.0
Other gains etc.	0.0	-13.0	-13.0	-13.0	-12.9	-6.4	-6.4	-6.4	-6.4
Operational EBITDA (LTM)	70.9	75.6	85.1	95.2	102.0	111.3	119.5	122.7	146.8	159.2	165.6	183.0	189.5	198.1	201.7	174.5	153.3	130.9	117.9	125.5	137.3	135.7	137.6	132.2	130.3	121.9	127.1	139.1	140.1	143.0	134.2	139.5	137.7	143.4	144.0	145.6	150.6	156.5	158.4	170.3	174.2	189.9	190.7	175.2	175.7	169.3	179.8	191.7	204.2	230.8	248.8	141.8	145.0	134.5	119.1	79.3	57.6	37.8	21.0	29.7
Industrial aktivities	78.1	80.9	88.1	96.2	103.8	113.3	122.3	125.1	149.8	161.6	167.5	185.4	192.5	200.8	204.7	178.5	156.6	135.8	123.4	129.7	141.2	138.7	139.6	133.7	132.1	123.1	127.7	138.9	139.1	142.3	134.1	138.3	137.0	142.3	142.6	144.8	149.1	155.2	157.2	167.5	171.5	188.1	187.1	171.6	172.2	165.0	176.5	185.4	199.7	225.3	245.0	138.3	140.9	130.1	112.4	70.3	47.5	24.8	5.6	15.1
Technology activities	-7.2	-5.4	-3.0	-1.1	-1.7	-2.0	-2.8	-2.4	-3.0	-2.4	-1.9	-2.4	-3.0	-2.7	-3.0	-4.0	-3.4	-5.0	-5.5	-4.2	-3.9	-3.0	-2.0	-1.5	-1.7	-1.2	-0.5	0.1	1.1	0.7	0.1	1.2	0.7	1.1	1.5	0.8	1.5	1.3	1.2	2.8	2.7	1.9	3.6	3.7	3.5	4.3	3.3	6.3	4.5	5.5	3.8	3.5	4.1	4.4	6.7	9.0	10.1	13.0	15.4	14.6
Operational EBITDA (LTM)	70.9	75.6	85.1	95.2	102.0	111.3	119.5	122.7	146.8	159.2	165.6	183.0	189.5	198.1	201.7	174.5	153.3	130.9	117.9	125.5	137.3	135.7	137.6	132.2	130.3	121.9	127.1	139.1	140.1	143.0	134.2	139.5	137.7	143.4	144.0	145.6	150.6	156.5	158.4	170.3	174.2	189.9	190.7	175.2	175.7	169.3	179.8	191.7	204.2	230.8	248.8	141.8	145.0	134.5	119.1	79.3	57.6	37.8	21.0	29.7
Valuation
EV / Operational EBITDA (total)	9.9x	11.1x	11.1x	10.7x	13.6x	11.9x	13.0x	14.0x	11.4x	12.9x	13.1x	9.4x	7.3x	8.1x	5.8x	3.7x	4.0x	7.0x	11.1x	10.3x	10.4x	10.2x	10.3x	11.3x	12.5x	14.0x	10.1x	8.6x	10.1x	6.8x	7.6x	6.5x	7.7x	7.3x	8.7x	7.8x	8.5x	9.4x	8.4x	7.1x	9.3x	7.6x	6.9x	7.1x	7.9x	7.5x	8.4x	9.0x	12.1x	11.4x	10.8x	9.3x	7.9x	7.8x	8.9x	9.1x	16.0x	22.7x	46.8x	33.1x
EV / Operational EBITDA (industrial activities)	9.0x	10.3x	10.7x	10.6x	13.4x	11.7x	12.7x	13.8x	11.2x	12.7x	12.9x	9.3x	7.2x	8.0x	5.7x	3.6x	3.9x	6.8x	10.6x	10.0x	10.1x	10.0x	10.1x	11.2x	12.3x	13.9x	10.0x	8.7x	10.2x	6.8x	7.6x	6.6x	7.8x	7.4x	8.8x	7.9x	8.5x	9.5x	8.4x	7.3x	9.4x	7.6x	7.0x	7.3x	8.1x	7.7x	8.6x	9.3x	12.4x	11.7x	10.9x	9.6x	8.2x	8.0x	9.5x	10.3x	19.4x	34.7x	175.7x	65.1x
Gearing
NIBD/operational EBITDA*	1.8x	1.9x	1.9x	1.5x	1.6x	1.9x	1.9x	1.7x	2.0x	2.7x	3.1x	2.9x	3.3x	3.7x	4.0x	4.2x	5.0x	5.4x	5.0x	4.3x	4.3x	2.5x	2.8x	1.8x	2.7x	2.7x	2.6x	1.9x	1.8x	1.7x	1.8x	0.9x	1.0x	1.0x	0.9x	0.5x	0.9x	1.1x	1.0x	-0.4x	2.2x	2.6x	2.6x	1.9x	3.0x	3.0x	2.6x	3.1x	5.9x	8.9x	16.7x	8.2x
*Incl. proforma EBITDA for the
acquired ABB HV Cables activities
for January/February 2017