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Nkt A/S
F:NKT

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Nkt A/S
F:NKT
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Price: 105.8 EUR 0.95% Market Closed
Market Cap: 5.7B EUR

Nkt A/S
Investor Relations

NKT A/S, a company steeped in a history that dates back to the late 19th century, has evolved to become a crucial player in the global electrical infrastructure sector. It specializes in manufacturing and servicing high-quality cables that facilitate the seamless transmission of electricity across various geographies. The company has its roots firmly planted in the technological advancements of electrical solutions and has always embraced innovation to stay ahead in the game. Through its colossal cable-laying vessels and high-end production facilities, NKT A/S designs, manufactures, and supplies power cables that are imperative for both onshore and offshore energy projects. The involvement of NKT A/S in facilitating the transition to renewable energy sources underscores its strategic pivot towards sustainability.

Beyond the intricate design and manufacturing of these cables, NKT A/S has positioned itself as a service provider within the high-voltage domain, offering installation and maintenance services for complex electrical systems. This service-oriented approach complements its manufacturing prowess, creating a synergistic business model that not only ensures steady revenue streams but also enhances long-term customer relationships. By addressing the entire lifecycle of power cable systems—from design to enduring upkeep—NKT A/S effectively maximizes its market reach. In doing so, it lays the groundwork for future-ready electric infrastructure, ensuring reliable energy transmission that meets the growing global demand for efficiency and sustainability in energy distribution.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 19, 2025
AI Summary
Q3 2025

Strong Quarter: NKT delivered record Q3 operational EBITDA of EUR 119 million and 13% organic revenue growth, driven by high activity across all business lines.

Revenue & Margin: Q3 revenue rose to EUR 726 million, with EBITDA margin improving to 16.4% from 14.2% a year ago.

Order Backlog: The high-voltage order backlog increased to EUR 10.4 billion, supporting strong visibility into future earnings.

Major Wins: NKT secured a firm order for the Bornholm Energy Island interconnector (EUR 650 million) and was chosen as preferred bidder for the Eastern Green Link 3 in the UK.

New Strategy & Ambitions: The "Charging Forward" strategy launched with 2030 financial targets: >7% organic revenue CAGR (2024-2030), operational EBITDA >EUR 900 million, ROCE >22%.

2025 Guidance: Management expects 2025 revenue at the upper end of EUR 2.65–2.75 billion and operational EBITDA at the upper end of EUR 360–390 million.

CapEx & Investments: Ongoing capacity expansion is on plan, with accumulated CapEx of ~EUR 2 billion expected from 2025 to 2028 and no major new projects planned beyond 2028.

Margin Dilution: Ramp-up costs from new capacity will temporarily dilute group margins further in 2026.

Key Financials
Revenue
EUR 726 million
Organic Growth
13%
Operational EBITDA
EUR 119 million
EBITDA Margin
16.4%
EBIT
EUR 88 million
Net Result
EUR 67 million
Free Cash Flow
negative EUR 102 million
Net Cash Position
approximately EUR 650 million
Working Capital
negative EUR 1.1 billion
Order Backlog
EUR 10.4 billion
Operational EBITDA (Solutions segment)
EUR 74 million
Solutions Revenue
EUR 459 million
Solutions Margin
16%
Applications Revenue
EUR 208 million
Applications Margin
10.7%
Operational EBITDA (Applications)
EUR 22 million
Service & Accessories Revenue
EUR 98 million
Service & Accessories Margin
23.4%
Operational EBITDA (Service & Accessories)
EUR 23 million
Depreciation & Amortization
EUR 32 million
ROCE
27%
CapEx
EUR 170 million
Employee Headcount
more than 6,200 (average Q3 2025)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Claes Westerlind
President & CEO
No Bio Available
Ms. Line Andrea Fandrup
Executive VP & CFO
No Bio Available
Mr. Will Hendrikx
COO & Deputy CEO
No Bio Available
Mr. Anders Jensen
Executive VP & CTO
No Bio Available
Mr. Michael Nass Nielsen
Head of Investor Relations
No Bio Available
Mark Skriver Nielsen
Chief Legal Officer
No Bio Available
Louise Westh Naldal
Head of Group Communications
No Bio Available
Ms. Kira Johnson
Executive VP & Chief HR Officer
No Bio Available
Mr. Michael C. Hjorth
Chief Commercial Officer
No Bio Available
Mr. Axel Barnekow Widmark
Executive VP & Head of Service
No Bio Available

Contacts

Address
BROENDBY
Vibeholms Alle 20
Contacts
+4543482000.0
www.nkt.dk