United States

NKT Holding A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

10:59am EST
Change (% chg)

kr.-1.00 (-0.19%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

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

nkt cables divests Automotive cable business to Wilms Group
Monday, 3 Oct 2016 08:00am EDT 

NKT Holding A/S : nkt cables divests Automotive cable business to Wilms Group .Closing of transaction is subject to regulatory approval and is expected to take place in Q1 2017.  Full Article

NKT Cables divests its APAC operations to focus on core businesses
Thursday, 29 Sep 2016 02:39am EDT 

NKT Holding A/S : NKT Cables divests its APAC operations to focus on core businesses . Has entered into agreement to divest all its Chinese business activities to Srising Technology Co . Enterprise value amounts to 14.3 million euros ($16 million) . Closing of transaction is subject to Chinese governmental approval and expected by end-October 2016 . Divestment will reduce NKT's net interest-bearing debt with about 13 million euros .Operational 2016 outlook maintained - impairment loss increased.  Full Article

NKT Holding Q2 operating EBITDA down at EUR 52.9 million
Wednesday, 17 Aug 2016 08:00pm EDT 

NKT Holding A/S : Q2 revenue 553.2 million euros versus 600.4 million euros year ago . Q2 operating EBITDA 52.9 million euros versus 59.5 million euros year ago .Q2 2016 earnings in line with expectations, full-Year outlook maintained.  Full Article

NKT Holding Q1 operational EBITDA up at EUR 38.3 million
Thursday, 12 May 2016 02:00am EDT 

NKT Holding A/S : Q1 revenue 485.6 million euros ($554.12 million) versus 558.8 million euros year ago . Q1 operational EBITDA 38.3 million euros versus 37.8 million euros year ago .2016 outlook maintained - flat consolidated organic growth and operational EBITDA margin of about 9.4 pct.  Full Article

NKT Holding: NKT Cables gets offshore contract worth more than DKK 1 bln
Tuesday, 5 Apr 2016 04:07am EDT 

NKT Holding A/S:NKT Cables awarded offshore contract worth more than 1 billion Danish crowns.Cables will be manufactured in Cologne, Germany, in 2017 and will be delivered for installation in early 2018.  Full Article

NKT Photonics acquires Fianium for EUR 27 mln
Thursday, 31 Mar 2016 02:38am EDT 

NKT Holding A/S:Acquires Fianium Holdings Limited, a supplier of ultra-fast fiber laser systems.Transaction price amounts to 21 million pounds, equivalent to about 27 million euros.Transaction is expected to be closed effective as of March 31.Acquisition does not impact NKT's 2016 outlook of consolidated flat organic growth and operational EBITDA margin (std. metal prices) of 9.4 pct.Acquisition is, however, expected to have a positive impact for NKT Photonics' 2016 financial development.  Full Article

NKT Holding A/S provides outlook for FY 2016, proposes a dividend for FY 2015
Friday, 26 Feb 2016 02:00am EST 

NKT Holding A/S:‍Proposes dividend of 4 crowns per share for FY 2015.‍In FY 2016, NKT expects flat organic growth and operational ebitda margin (std. Metal prices) on par with 9.4 pct realised in FY 2015​‍​.  Full Article

BRIEF-NKT to split into two companies, to buy ABB's high-voltage cables business

* To split NKT Holding into two listed companies following acquisition of ABB's high-voltage cables business (ABB HV Cables)