Q1 2019 NKT A/S Earnings Call Transcript

May 16, 2019

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May 16, 2019 / 08:00AM GMT
Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's NKT Q1 Report 2019. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 16th of May 2019. I would now like to hand the conference over to your speaker today, Mr. Roland Andersen. Please go ahead, sir.

Roland M. Andersen - NKT A/S-Interim CEO&CFO

Thank you very much, and welcome, everyone, to NKT's Q1 2019 Report. And I'll just -- yes, let's just jump to Slide 5. Today, I'm here with the CEO for Photonics, Basil Garabet; and then myself; and Michael Nielsen from Investor Relations.

Highlights for Q1 2019. Revenue was EUR 205 million, down from EUR 254 million, primarily driven by the lower activity level in Solutions in our factory in Karlskrona.

Minus 16% organic growth, despite the positive growth in Applications. The drop-in activity and capacity utilization in Karlskrona outpaces the growth in the Applications business.

Operationally, EBITDA ended

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