News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Growth News, Articles and Videos with Contenting
Growth Growth is an increase in the number of cells, tissues, organs, or organisms. It is the process of increasing in size, or the development of an organism through its life cycle. Growth can also refer to an increase in the size of an organization, including its number of employees, customers, or profits. Growth may also refer to an increase in knowledge, skills, or abilities.
NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m - ForexTV
Company Announcement 9 May 2025Announcement No. 16 NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m NKT CEO Claes Westerlind says: - In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of EUR 81m. We executed on our ongoing investments across production sites and announced the completion of the medium-voltage capacity expansions in Falun and Velke Mezirici. Additionally, in April we concluded Q1 negotiations and signed a supply agreement with Hydro, strengthening our European value chain and ensuring security of aluminium supply until 2033. These steps underscore our commitment to business excellence and our strategic focus on supporting the energy transition and enhancing value for both our customers and shareholders. Financial highlights EURmQ1 2025Q1 2024Revenue*630534Organic growth11%27%Operational EBITDA8175Operational EBITDA margin*12.9%14.1% * Std. metal prices Financial outlook for 2025The financial outlook remains unchanged from Company Announcement No.11 of 21 February 2025. Revenues (in std. metal prices) is expected to be approximately EUR 2.37-2.52bn and operational EBITDA is expected to be approx. EUR 330-380m. The financial outlook is based on several assumptions, including: Satisfactory execution of high-voltage investments and projects to deliver on expected profitability marginsSatisfactory operational execution across business linesStable market conditions for Applications and Service & AccessoriesNormalised offshore power cable repair work activityStable supply chain with limited disruptions and access to the required labour, materials, and servicesStable development in the global economy, foreign currency, and metal prices 11% organic growth and operational EBITDA of EUR 81mIn Q1 2025, NKT’s revenue (in std. metal prices) amounted to EUR 630m, an increase of EUR 96m compared to Q1 2024, corresponding to 11% organic growth. In Solutions, the growth was driven by high activity level and overall satisfactory project execution, while the increased revenue in Applications was mainly due to the acquisition of SolidAl in June 2024, and organic growth driven by additional medium-voltage production capacity. In Service & Accessories, revenue was below the level of Q1 2024, which included a large scope of offshore repair work on a legacy service agreement. Operational EBITDA increased to EUR 81m in Q1 2025 from EUR 75m in Q1 2024. The increase was driven by higher revenue. The operational EBITDA margin was 12.9% in Q1 2025, representing a decrease of 1.2 %-points compared to Q1 2024. All three business lines contributed to the increased operational EBITDA, while the decline in operational EBITDA-margin was mainly due to natural fluctuations in the project business. At end-Q1 2025, the high-voltage order backlog was EUR 10.7bn (EUR 9.4bn in std. metal prices) compared to EUR 10.6bn (EUR 9.3bn in std. metal prices) at end-Q4 2024. During the quarter, NKT supplemented its high-voltage order backlog with a number of relatively smaller orders, including variation orders to existing projects. Free cash flow amounted to EUR -308m in Q1 2025 driven by the ongoing investments and a negative contribution from changes in working capital due to the phasing between milestone payments and project execution in Solutions. At end-Q1 2025, NKT maintained a robust balance sheet, with net interest-bearing debt of EUR -953m. Execution of the high-voltage investment programme progressed as planned during Q1 2025. At the expansion of the site in Karlskrona, Sweden, several work streams were in intense execution phases and, among others, NKT progressed with work inside the new extrusion tower, construction of surrounding production buildings and installation of machinery. The new production capacity and the new cable-laying vessel, NKT Eleonora, are expected to be operational from 2027. Segment key financial highlights Q1 2025 Revenue*Operational EBITDAOp. EBITDA margin*EURmQ1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2024Solutions388321575214.7%16.2%Applications20315318168.9%10.5%Service & Accessories707413619.3%8.1%Eliminations between segments and non-allocated costs-31-14-71 NKT630534817512.9%14.1% *Std. Metal prices TeleconferenceNKT A/S hosts a teleconference for investors and financial analysts at 10:00am CEST on 9 May 2025. The presentation to be used during the call will be available before the start of the teleconference. To attend, please register and access on investors.nkt.com ContactsInvestorsJacob Johansen, Head of Investor Relations+45 2169 3591 / jacob.johansen@nkt.comPress Louise W. Naldal, Head of Group Communications+45 2982 0022 / louise.westh.naldal@nkt.com Attachments NKT_Q1_2025_Cover letter_ENG NKT Q1 2025 Interim report
French Service Sector PMI Slips, Signaling Continued Economic Challenge - ForexTV
In a turn that underscores the ongoing hurdles faced by France's service sector, the latest HCOB France Services Purchasing Managers' Index (PMI) saw a dip to 47.3 in April, down from 47.9 in the same period. This data reflects the continuous contraction within the sector as recorded last month, with both figures remaining below the 50-mark that typically separates growth from contraction.The update, released on May 6, 2025, suggests that France's service industry is still grappling with challenges that might include dampened consumer demand or operational inefficiencies, echoing similar signals from earlier in April. This consistent decline highlights ongoing challenges in France's economic landscape, which could have broader implications for employment and GDP growth if the trend persists. As policymakers and industry leaders scrutinize these figures closely, strategies to stimulate growth and stabilize the sector are likely to be at the forefront of discussions in the coming months.The immediate response from markets and stakeholders may involve careful analysis of underlying factors and potential policy adjustments to address the persistent economic weakness indicated by the April PMI results. France, being a key player in the European economy, will be under the microscope as it navigates these challenging economic headwinds.The material has been provided by InstaForex Company - www.instaforex.com
Exploring Emerging Property Investment Hotspots in Leeds - TechBullion
Leeds has long been a magnet for property investors, but beyond the well-trodden paths of Headingley and the city centre, a number of emerging neighbourhoods are capturing attention for their growth potential. For those exploring property investment in Leeds, these up-and-coming areas offer compelling opportunities for both rental income and capital appreciation. Hunslet: A Regeneration […]
Safaricom Rewards Shareholders with KES 48.08 Billion Dividend Amid Strong Growth. - Envestreet Financial
Safaricom PLC announced a KES 48.08 billion dividend for the financial year ending 31st March 2025, following a robust 11.2% increase in total revenue to KES 388.7 billion and a 10.8% rise in net income to KES 69.8 billion. This marks a significant milestone for the Kenyan telecommunications giant as it continues to expand its […]
Tinder Parent Match Group Cuts 13% Of Workforce After Earnings Miss, Taps Gen Z Features Like 'Double Date' To Spark Growth - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Match Group (NASDAQ:MTCH) - Benzinga
Dating app giant Match Group missed estimates but announced restructuring plans spearheaded by new CEO during its Q1 earnings call.