NKT Holding A/S
Changes board/management/auditors

Hans Henrik Lund appointed CEO of Nilfisk


Nasdaq Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

21 February 2017
Announcement No. 1

Hans Henrik Lund appointed CEO of Nilfisk
The Board of Directors has appointed Hans Henrik Lund new CEO of Nilfisk,
starting no later than early August 2017. Meanwhile, Lars Gjødsbøl, Nilfisk’s
Executive Vice President and Head of Global Operations, will be acting CEO. 

Chairman of the Board of Directors, Jens Due Olsen:
- With the appointment of Hans Henrik Lund as new CEO of Nilfisk, we have the
right profile to develop and grow Nilfisk, to lead the business as an
independently listed company and to execute on our overall strategy of further
consolidating our position as a world leader in the professional cleaning
equipment industry. 

Hans Henrik Lund, (51), has held several leadership positions in global
companies during the past 25 years. He has been ten years with Danfoss in the
field of heating automation and another ten years leading the mobile accessory
companies Jabra and Nokia Gear. Hans Henrik Lund holds an M.Sc in Mechanical
Engineering, a Ph.D in Material Science and an MBA in Organisation and Business
Management. He comes from a position as CEO of the Finnish lighting company
Helvar. 

Hans Henrik Lund takes over from Jonas Persson, who has been CEO of Nilfisk
since January 2014. 

Jens Due Olsen says:
- Jonas Persson has led the process of positioning Nilfisk for growth and has
established a strong management team. I wish to thank Jonas for his
contribution to Nilfisk and I wish him all the best in the future. 

Intention to split NKT Holding
NKT intends to split the Holding company as announced in connection with NKT
Cables’ acquisition of ABB HV Cables, cf. Company Announcement No 45 of 21
September 2016, and subject to the close of this transaction. The Board of
Directors will seek the mandate to proceed with the process at the Annual
General Meeting to be held on 21 April 2017 and complete the split in the
second half of 2017 as soon as possible after Hans Henrik Lund has joined
Nilfisk. 

In 2016, Nilfisk’s revenue increased by 8% to EUR 1,059m, organic growth was
3%, and EBITDA margin before special items increased by 1 %-points to 11%. For
2017, Nilfisk expects organic growth of 2-4% and an EBITDA margin of
11.0-11.5%. 

Teleconference
In connection with today’s release of the 2016 Annual Reports of NKT and
Nilfisk, NKT will host a teleconference at 10:00 am CET. The teleconference can
be accessed at www.nkt.dk. To attend, please dial in from: 
Denmark: +45 3271 1660
UK: +44 (0) 20 7136 2055
US: +1 646 254 3365

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