NKT A/S/DKr NKT

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About NKT A/S

NKT A/S is a company operating in the industrial sector, primarily focused on providing cables and cable accessories for the energy sector. The company is headquartered in Brøndby, Denmark, and its core business revolves around manufacturing and supplying power cables, high-voltage cables, and cable solutions for electrical infrastructure projects. NKT A/S serves various segments, including utilities and construction industries, with its products playing a crucial role in energy transmission and distribution. The company also engages in the development and installation of turnkey cable solutions, which include engineering services and installation expertise. With a strong presence in Europe, NKT A/S is strategically positioned to support renewable energy projects and electrical grid developments.
Ticker
DKr NKT
Primary listing
CSE
Employees
6,652
Headquarters
Copenhagen, Denmark

NKT A/S Metrics

BasicAdvanced
kr 47B
23.56
kr 37.08
0.64
-

Bulls say / Bears say

NKT reported record-high Q1 2026 order intake, with two major projects worth more than EUR 4.2 billion combined; the Transmission backlog reached EUR 13.5 billion, providing multi-year revenue visibility. Five additional TenneT framework awards worth more than EUR 2.5 billion are not included in that backlog. (NKT Q1 2026 Interim Report)
Profitability improved despite lower standard-metal-price revenue: H1 operational EBITDA rose to EUR 201 million from EUR 186 million, while the margin increased to 15.8% from 13.8%. Management subsequently raised its 2026 operational EBITDA outlook to approximately EUR 400–430 million from EUR 360–410 million. (NKT H1 2026 Interim Report)
NKT is expanding capacity to capture sustained high-voltage demand: Danish medium-voltage expansion was completed in Q2, while additional Portugal capacity, the Karlskrona high-voltage factory, Cologne capacity and a second cable-laying vessel are scheduled to become operational in 2026–2027. These projects could increase future volume and strengthen NKT’s position in grid-upgrade and renewable-energy infrastructure. (NKT H1 2026 Interim Report)
H1 2026 revenue at standard metal prices fell 7% year over year, with organic growth of -7%; Q2 Transmission revenue declined as the Champlain Hudson Power Express project moved into commercial operation. (NKT H1 2026 Interim Report)
Free cash flow was negative EUR 249 million in Q2 2026, mainly because of working-capital movements and capacity-expansion investments. Continued spending on the Portugal, Karlskrona, Cologne and cable-laying-vessel projects could keep cash conversion under pressure before the investments contribute materially. (NKT H1 2026 Interim Report)
The Transmission backlog declined from EUR 13.5 billion at the end of Q1 to EUR 13.0 billion at the end of Q2 as projects were executed. NKT’s 2026 outlook also assumes stable supply chains, labour availability and project execution, leaving meaningful delivery and cost risks in a large high-voltage portfolio. (NKT H1 2026 Interim Report)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
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