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NKT A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

537.00DKK
22 Sep 2017
Change (% chg)

kr.3.50 (+0.66%)
Prev Close
kr.533.50
Open
kr.531.00
Day's High
kr.539.00
Day's Low
kr.529.00
Volume
74,023
Avg. Vol
88,253
52-wk High
kr.577.00
52-wk Low
kr.409.30

Latest Key Developments (Source: Significant Developments)

NKT to be split into two independently listed companies
Monday, 18 Sep 2017 02:51am EDT 

Sept 18 (Reuters) - NKT A/S::TO BE SPLIT INTO TWO INDEPENDENTLY LISTED COMPANIES.‍DECIDED TO SEEK A SPLIT OF COMPANY INTO TWO STAND-ALONE BUSINESSES - NILFISK AND NKT.​.‍DEMERGER IS SUBJECT TO APPROVAL AT AN EXTRAORDINARY GENERAL MEETING TO BE HELD ON 10 OCTOBER 2017 AND WHICH WILL BE CONVENED VIA A SEPARATE ANNOUNCEMENT TODAY​.‍MEDIUM-TERM, THREE TO FIVE YEARS, FINANCIAL TARGET IS ORGANIC REVENUE GROWTH OF 3% TO 5% PER YEAR​.‍FOR 2017, NILFISK EXPECTS ORGANIC REVENUE GROWTH OF 2% TO 4% AND AN EBITDA MARGIN BEFORE SPECIAL ITEMS OF 11.0% TO 11.5%​.‍IN CONNECTION WITH DEMERGER, NILFISK HAS SET MEDIUM-TERM, THREE TO FIVE YEARS; SEES EBITDA MARGIN BEFORE SPECIAL ITEMS OF 13% TO 15%​.‍NILFISK PLANS TO ADOPT A DIVIDEND POLICY WITH A TARGET PAY-OUT OF APPROXIMATELY ONE THIRD OF PROFIT FOR YEAR​.‍FIRST DIVIDEND PAYMENT IS EXPECTED TO BE PAID IN 2019 ON BASIS OF 2018 RESULTS​.‍FURTHER EXCESS CASH CAN BE DISTRIBUTED AS SHARE BUYBACKS OR EXTRAORDINARY DIVIDENDS​.  Full Article

NKT A/S Q2 operational EBITDA EUR 42.9 ‍​million, above estimates
Thursday, 17 Aug 2017 01:31am EDT 

Aug 17 (Reuters) - NKT A/S :Q2 2017: SIGNIFICANT INCREASE IN OPERATIONAL EBITDA .2017 OUTLOOK MAINTAINED.Q2 TOTAL REVENUE EUR 390.3 ‍​ MILLION (REUTERS POLL: EUR 409 MILLION).Q2 OPERATIONAL EBITDA EUR 42.9 ‍​ MILLION (REUTERS POLL: EUR 40.3 MILLION).  Full Article

NKT Photonics to acquire Onefive, supplier of ultrafast lasers‍​
Thursday, 6 Jul 2017 09:00am EDT 

July 6 (Reuters) - NKT A/S ::NKT PHOTONICS TO ACQUIRE ONEFIVE, A LEADING SUPPLIER OF ULTRAFAST LASERS.AGREEMENT IS SUBJECT TO CERTAIN CUSTOMARY CLOSING CONDITIONS, AND IS EXPECTED TO BE CLOSED IN THE BEGINNING OF SEPTEMBER 2017.‍​.  Full Article

NKT Q1 EBIT loss EUR 10.6 million; bigger than expectations
Wednesday, 17 May 2017 02:02am EDT 

May 17 (Reuters) - NKT A/S :Q1 TOTAL REVENUE EUR 281.3 MILLION (REUTERS POLL: EUR 257 MILLION).Q1 EBIT LOSS EUR 10.6 MILLION (REUTERS POLL: LOSS EUR 5.6 MILLION).2017 OUTLOOK RECONFIRMED.  Full Article

NKT Holding updates 2017 outlook for NKT Cables
Tuesday, 11 Apr 2017 03:11am EDT 

NKT HOLDING A/S : UPDATED 2017 OUTLOOK FOR NKT CABLES AND DELIVERY TAKEN OF CABLE-LAYING VESSEL . 2017 OUTLOOK FOR NILFISK AND NKT PHOTONICS REMAINS UNCHANGED, . NKT CABLES EXPECTS REVENUE (STD. METAL PRICES) IN 2017 OF APPROX. EUR 1.1BN .OPERATIONAL EBITDA FOR 2017 IS EXPECTED TO BE APPROX. EUR 140M AGAINST PREVIOUS OUTLOOK OF AN OPERATIONAL EBITDA MARGIN OF APPROX. 9.5%, EQUIVALENT TO APPROX. EUR 70M.  Full Article

NKT Holding FY EBITDA decreases to EUR 27.9 mln
Tuesday, 21 Feb 2017 02:02am EST 

Nkt Holding A/S : FY EBITDA 27.9 million euros ($29.51 million) versus 54.1 million euros year ago . FY revenue 1.05 billion euros versus 1.25 billion euros year ago . Nilfisk FY EBITDA ex-items 116.8 million euros versus 98.0 million euros year ago . Nilfisk FY revenue 1.06 billion euros versus 980.0 million euros year ago . In 2017 sees organic growth of 0-5% in NKT Cables, about 10% in NKT Photonics and 2-4% in Nilfisk .Sees operational EBITDA margin in 2017 of about 9.5% in NKT Cables, about 15% in NKT Photonics and 11.0-11.5% in Nilfisk.  Full Article

NKT Holding: Hans Henrik Lund appointed CEO of Nilfisk
Tuesday, 21 Feb 2017 02:02am EST 

NKT Holding A/S : Hans Henrik Lund appointed CEO of Nilfisk, starting no later than early August 2017 . Lars Gjødsbøl, Nilfisk's Executive Vice President and Head of Global Operations, will be acting CEO . Henrik Lund takes over from Jonas Persson, who has been CEO of Nilfisk since Jan. 2014 .To split holding company as announced in connection with NKT Cables' acquisition of ABB HV Cables.  Full Article

NKT Cables awarded order for Borssele offshore projects
Tuesday, 8 Nov 2016 09:45am EST 

Nkt Holding A/S : NKT Cables awarded order for Borssele offshore projects . For NKT Cables the Borssele Alpha contract value in market prices will be about 77 million euros ($85.04 million)(about 580 million Danish crowns) .Order comprises supply of 125 km of 220 kV AC high-voltage submarine cables delivered ready for installation in late 2018.  Full Article

NKT Holding offering oversubscribed, raises DKK 1.4 billion
Wednesday, 5 Oct 2016 02:07am EDT 

NKT Holding A/S : Completion of offering of new and existing shares in NKT Holding . In total, NKT will issue 2.4 million new shares and sell 0.9 million existing shares in offering at 415 Danish crowns ($62.5) per share . Raises gross proceeds of about 1.4 billion crowns . As offering was over-subscribed several times by Danish and international institutional investors, individual allocation of shares has been made .Net proceeds of offering will be used to partially finance expected acquisition of ABB HV Cables.  Full Article

NKT Holding to issue and sell up to 3.4 million shares
Wednesday, 5 Oct 2016 01:16am EDT 

NKT Holding A/S : Said on Tuesday had resolved to launch offering of new shares and existing shares (treasury shares) at market price . Said offering would be executed through accelerated book-building process . To offer maximum of 2,437,348 new shares, representing 9.99 pct of NKT's registered share capital, and up to 947,889 existing treasury shares . Net proceeds of offering to be used to partially finance expected acquisition of ABB HV Cables . Offering to be made to institutional investors in Denmark and, subject to certain restrictions, internationally at market price . Books for offering will open with immediate effect and can close at any time .Offer period runs up to and including Oct. 5, but may be shortened.  Full Article