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Q4 2018 NKT A/S Earnings Call Transcript
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's NKT Annual Report 2018 Conference Call. (Operator Instructions) I must remind you that this conference is being recorded today, Thursday, the 28th of February, 2019. And I would now like to hand the conference over to your speaker today, Mr. Roland Andersen. Please go ahead.
/-&
Thank you very much, and welcome to Annual Report 2018 of NKT A/S. With me today, I have Basil Garabet, President and CEO of NKT Photonics; and Head of Investor Relations, Michael Nass Nielsen.
If we jump to Slide 5, this is just briefly a key highlights for Q4. We ended the Q4 with a revenue of EUR 232.3 million. This compares to EUR 281 million in Q4 2017, and the development is in line with our latest guidance for the market in November 2018.
The quarter was a 16% -- minus 16% organic growth. We had the positive development in our Applications business but the Solutions business is the
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