Key Developments: NKT Holding A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

399.50DKK
27 Feb 2015
Change (% chg)

kr.20.50 (+5.41%)
Prev Close
kr.379.00
Open
kr.383.00
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kr.399.50
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kr.380.00
Volume
137,077
Avg. Vol
52,900
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kr.399.50
52-wk Low
kr.260.40

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Latest Key Developments (Source: Significant Developments)

NKT Holding A/S announces guidance for FY 2015, proposes dividend for FY 2014
Friday, 27 Feb 2015 01:59am EST 

NKT Holding A/S:For FY 2015 expects a consolidated organic growth of up to 3 percent and an improved operational EBITDA margin in std. metal prices of up to 1pct-point from 9.6 percent realised in FY 2014.Says a dividend of 4 Danish crowns per share will be proposed at the annual general meeting on March 25 2015.  Full Article

NKT Holding awarded offshore order worth DKK 595 mln
Tuesday, 16 Dec 2014 06:06am EST 

NKT Holding A/S:Says has been awarded order for delivery of export cable systems to Race Bank Offshore Wind farm by DONG Energy.Order will have a contract value of about 595 million Danish crowns in standard metal prices (about 640 million Danish crowns in market prices).Cables are to be manufactured in Cologne, Germany, with first phase delivered ready for installation in 2016.Second and last phase is to be delivered ready for installation in 2017.  Full Article

NKT Holding maintains FY 2014 outlook
Thursday, 13 Nov 2014 02:20am EST 

NKT Holding A/S:Says expectations for 2014 are unchanged.Sees 2014 consolidated organic growth of 0-3 pct and an operational EBITDA margin of 9-9.5 pct.  Full Article

NKT Holding confirms binding order for NKT Cables for Gemini project
Thursday, 15 May 2014 07:53am EDT 

NKT Holding A/S:Announces binding order for an offshore wind farm project, Gemini.The order is for delivery of more than 200 kilometers of 220 kV high voltage submarine cables for the project comprising the Buitengaats and ZeeEnergie wind farms.The cables are to be delivered ready for installation from early 2015.Contract value about 1,200 million Danish crowns (about 165 million euros) in standard metal prices for NKT Cables.Says the financial impact of the project is included in the previously announced expectations for FY 2014.The Gemini project is developed by Typhoon Offshore B.V. and owned by a consortium of investor.  Full Article

NKT keeps FY 2014 guidance unchanged-Ritzau
Wednesday, 14 May 2014 02:05am EDT 

NKT Holding A/S:Maintains FY 2014 financial guidance-Ritzau.Still expects organic growth of 0-3 percent and an operational EBITDA margin of 9-9.5 percent.  Full Article

European Commission fines NKT in cartel case
Wednesday, 2 Apr 2014 07:32am EDT 

NKT Holding A/S:Says the European Commission has concluded its investigation concerning alleged price-fixing activities within the power cables industry and decided to fine NKT with 3.9 million euros.Disagrees with the decision and prepares an appeal.The case involves 26 cable producers, including NKT Cables and its parent company NKT Holding.Says the fine will be included as part of FY 2014, and as a result, NKT expects that the profit for the year will be reduced by 29 million Danish crowns.  Full Article

NKT Holding A/S divests its wooden floor sanding equipment business
Friday, 28 Feb 2014 02:03am EST 

NKT Holding A/S:Says it has decided to divest its activities related to its wooden floor sanding equipment business based in Springdale, Arkansas, US.Says it has entered into an agreement to sell the Sanders Business for a total consideration of $22.35 mln (about 122 mln Danish crowns) to Amano Pioneer Eclipse Corporation.Says the divestment is structured as a sale of assets of a division of Nilfisk-Advance Inc.Says the transaction is subject to customary closing conditions and it is expected to close on March 31.  Full Article

NKT Holding issues financial guidance for fiscal 2014
Friday, 28 Feb 2014 01:59am EST 

NKT Holding A/S:Expects FY 2014 consolidated organic growth of around 0-3 percent.Estimates FY 2014 operational EBITDA margin in std. metal prices to be of 9-9.5 percent compared to 8.4 percent in std. metal prices in 2013.  Full Article

NKT Holding proposes FY 2013 dividend of DKK 3.5 per share
Friday, 28 Feb 2014 01:59am EST 

NKT Holding A/S:Propose a dividend of 3.5 Danish crowns per share to be paid for FY 2013.Paid dividend of 8 Danish crowns per share for FY 2012.  Full Article

NKT says NKT Cables to be involved in gemini project
Monday, 3 Feb 2014 06:43am EST 

NKT Holding A/S:Says NKT Cables is involved in an offshore wind farm project named Gemini developed by Typhoon Offshore B.V. and owned by a consortium of investors.Says the consortium has confirmed that they have received the financing commitments required for the start-up of the project.Says as a consequence, NKT Cables and Typhoon Offshore B.V. have entered into a Preparatory Works Agreement, the first phase towards a final order that is expected to be signed within the next months.Says the agreement allows NKT Cables to commence the production of the cable in February and ensures payment for realized costs.Says for NKT Cables, the final order will have a contract value of about 1.2 billion Danish crowns (about 165 million euros) measured in std. metal prices.  Full Article

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