Q1 2021 NKT A/S Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the NKT Q1 report for 2021. (Operator Instructions) I must advise you that this conference is being recorded today on Wednesday, the 19th of May 2021.
I would now like to hand the conference over to your speaker today, Alexander Kara. Please go ahead.
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Yes. Good morning, everybody, and thanks for taking the time and joining this Q1 report from NKT. Today, we have here with me as a presenter in the room, Line, our CFO; and Basil, who is the CEO of NKT Photonics.
So if we look at the highlights from the first quarter 2021, I think we can say that we have a satisfactory start in 2021. Overall, we had an organic growth of 21% in Cables, and all 3 business lines contributed to this 21% positive results. The operational EBITDA tripled almost from last year, same quarter last year from EUR 10 million to EUR 30 million. And we had a record-high quarterly performance in Service & Accessories and also good
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