NKT Outlook Now Seen in Upper End of Range; Restarts Photonics Review

• (PLX AI) - NKT outlook FY revenue upper end of EUR 1,100-1,200 million.
• • Outlook FY operational EBITDA upper end of EUR 80-110 million
• • NKT Photonics now expects full-year organic revenue growth to be 8-15% (previously upper end of 0-10%), and the EBITDA margin is expected to be 6-8% (previously upper end of 3-7%)
• • NKT Q2 revenues (std. metal prices) EUR 344 million and operational EBITDA EUR 42 million
• • NKT Photonics Q2 revenues EUR 18 million and EBITDA zero
• • The Board to resume the review of strategic alternatives for NKT Photonics