NKT – NKT updates medium-term financial ambitions

As NKT continues to execute on its strategy, ReNew BOOST, financial ambitions for 2028 are updated to reflect the effects of the ongoing investments and the underlying profitability of the high-voltage order backlog. 

The operational EBITDA ambition for 2028 is updated to above EUR 700m from previously above EUR 550m.

In Company Announcement no. 28 of 24 May 2023, NKT announced updated medium-term financial ambitions for 2025 and 2028 in connection with the announcement of the investment in a new high-voltage factory next to its existing facility in Karlskrona, Sweden, and a second cable-laying vessel. 

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