| NKT share nominal value | 20 DKK |
| Share capital | 477,767,580 DKK |
| Number of shares issued | 23,888,379 |
| NKT Holding A/S | 2011 | 2012 | |||
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Valuation (mDKK) |
Q1 | Q2 | Q3 | Q4 | Q1 |
| Number of 20 DKK shares ('000) | 23,738 | 23,738 | 23,738 | 23,738 | 23,738 |
| Treasury shares ('000) | 77 | 77 | 77 | 77 | 77 |
| Outstanding shares (´000) | 23,661 | 23,661 | 23,661 | 23,661 | 23,811 |
| Market price, DKK per share | 309 | 329 | 202 | 191 | 254 |
| Market capitalization (mDKK) | 7,311 | 7,784 | 4,779 | 4,519 | 6,048 |
| Minority interests (mDKK) | 5 | 6 | 6 | 7 | 6 |
| Net interestbearing items (mDKK) | 4,821 | 4,940 | 4,771 | 4,429 | 4,491 |
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| Enterprise Value (mDKK) | 12,137 | 12,730 | 9,556 | 8,955 | 10,545 |
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| EBITDA (12 month) | 902 | 854 | 916 | 1,033 | 1,015 |
| Adjustments: | |||||
| Real estate gains | |||||
| Restructuring provisions | 69 | 54 | 31 | 33 | 29 |
| Annualizing acquisitions | |||||
| Other gains | |||||
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| Operational EBITDA | 971 | 908 | 947 | 1,036 | 1,044 |
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| Industrial aktivities | 979 | 917 | 951 | 1,035 | 1,036 |
| Industrial aktivities | -8 | -9 | -4 | 1 | 8 |
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| Operational EBITDA | 971 | 908 | 947 | 1,036 | 1,044 |
| Valuation | |||||
| EV / EBITDA (Total) | 12,5x | 14,0x | 10,1x | 8,6x | 10,1x |
| EV / EBITDA (Industrial activities) | 12,4x | 13,9x | 10,1x | 8,7x | 10,2x |
| Gearing | 5,0x | 5,4x | 5,0x | 4,3x | 4,3x |
Financial Terms