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NKT A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

74.70DKK
10:59am EST
Change (% chg)

kr.-6.25 (-7.72%)
Prev Close
kr.80.95
Open
kr.81.00
Day's High
kr.81.65
Day's Low
kr.73.25
Volume
721,738
Avg. Vol
183,586
52-wk High
kr.295.60
52-wk Low
kr.73.25

Latest Key Developments (Source: Significant Developments)

NKT Q3 Operational EBITDA At EUR 26.1 Million
Friday, 16 Nov 2018 01:35am EST 

Nov 16 (Reuters) - NKT A/S ::UPDATED 2018 FINANCIAL OUTLOOK.FOR NKT, FY REVENUE* IS STILL EXPECTED TO BE APPROX. EUR 1.0-1.1BN..FOR NKT OPERATIONAL EBITDA IS NOW EXPECTED TO BE APPROX. EUR 70M (PREVIOUSLY IN LOWER END OF APPROX. EUR 90-110M).LOWERED EXPECTATION IS DUE TO NKT UNEXPECTEDLY BEING IMPACTED BY EXTERNAL FACTORS RELATED TO TWO ONGOING HIGH-VOLTAGE PROJECTS.OPERATIONAL EBITDA IN NKT IS EXPECTED TO BE APPROX. EUR 10-30M IN 2019.OPERATIONAL EBITDA IS EXPECTED TO BE APPROX. EUR 10-30M IN 2019.IN Q3 2018, REVENUE (STD. METAL PRICES) AMOUNTED TO EUR 286.9M, DOWN FROM EUR 303.2M IN Q3 2017.NKT Q3 REVENUE EUR 367.0 MILLION VERSUS EUR 396.6 MILLION.NKT Q3 OPERATIONAL EBITDA EUR 26.1 MILLION VERSUS EUR 43.8 MILLION.  Full Article

NKT CEO Michael Hedegaard Lyng Leaves Company, Roland M. Andersen Appointed Interim CEO
Friday, 16 Nov 2018 01:34am EST 

Nov 16 (Reuters) - NKT A/S ::REG-NKT CEO MICHAEL HEDEGAARD LYNG LEAVES THE COMPANY, AND ROLAND M. ANDERSEN APPOINTED INTERIM CEO.ROLAND M. ANDERSEN APPOINTED INTERIM CEO.SEARCH FOR A NEW CEO OF NKT WILL BE INITIATED SHORTLY..  Full Article

NKT Confirms Turnkey Order For Moray East Offshore Wind Farm Project
Tuesday, 6 Nov 2018 04:07am EST 

Nov 6 (Reuters) - NKT A/S ::NKT CONFIRMS TURNKEY ORDER FOR MORAY EAST OFFSHORE WIND FARM PROJECT.ORDER REPRESENTS A CONTRACT VALUE FOR NKT OF APPROX. EUR 150M (APPROX. DKK 1,118M) IN MARKET PRICES.  Full Article

Nkt A/S - Nkt Divests Its Railway Cable Business To Elcowire Group AB
Wednesday, 19 Sep 2018 09:47am EDT 

NKT A/S ::NKT DIVESTS ITS RAILWAY CABLE BUSINESS TO ELCOWIRE GROUP AB.NKT HAS ENTERED INTO AN AGREEMENT TO DIVEST ITS RAILWAY CABLE ACTIVITIES TO SWEDISH COMPANY ELCOWIRE GROUP AB.DIVESTED ACTIVITIES COMPRISE SALES, DEVELOPMENT AND PRODUCTION INCLUDING SITE IN HETTSTEDT, GERMANY, AND COVERS APPROX. 63 EMPLOYEES.CLOSING OF TRANSACTION IS SUBJECT TO REGULATORY APPROVAL AND IS EXPECTED TO TAKE PLACE NO LATER THAN Q1 2019.  Full Article

NKT Q3 operational EBITDA at EUR 43.8‍​ million
Wednesday, 15 Nov 2017 01:30am EST 

Nov 15 (Reuters) - NKT A/S :‍2017 FINANCIAL OUTLOOK UNCHANGED FOR NKT​.‍2017 FINANCIAL OUTLOOK ADJUSTED FOR NKT PHOTONICS​.‍FOR NKT PHOTONICS, EXPECTED ORGANIC GROWTH IS APPROX. 10%​.Q3 OPERATIONAL EBITDA EUR 43.8‍​ MILLION (REUTERS POLL EUR 45.3 MILLION).FOR NKT PHOTONICS, EXPECTED AND OPERATIONAL EBITDA MARGIN IS APPROX. 10%, AGAINST A PREVIOUS TARGET OF APPROX 15%.​.Q3 REVENUE EUR 396.6‍​ MILLION VERSUS EUR 257.9 MILLION YEAR AGO.  Full Article

NKT is preferred bidder for Moray East project
Monday, 13 Nov 2017 03:19am EST 

Nov 13 (Reuters) - NKT A/S ::NKT IS PREFERRED BIDDER FOR MORAY EAST OFFSHORE WIND FARM PROJECT.‍SUCH TYPE OF PROJECT TYPICALLY HAS A CONTRACT VALUE IN RANGE OF EUR 130-170M (DKK 970 - 1,270M), WHICH IS ALSO EXPECTED FOR MORAY EAST PROJECT​.‍INSTALLATION OF CABLES IS EXPECTED TO COMMENCE IN 2020​.  Full Article

NKT awarded Borssele Beta offshore AC cable project
Monday, 30 Oct 2017 03:00am EDT 

Oct 30 (Reuters) - NKT :AWARDED BORSSELE BETA OFFSHORE AC CABLE PROJECT .‍CONTRACT IS AWARDED IN A CONSORTIUM WITH BOSKALIS SUBSIDIARY VBMS​.‍FOR NKT BORSSELE BETA CONTRACT VALUE WILL BE APPROX. EUR 90M​.  Full Article

NKT wins turnkey service order to restore power cable between Denmark and Norway
Monday, 23 Oct 2017 03:47am EDT 

Oct 23 (Reuters) - NKT A/S ::NKT WINS THE TURNKEY SERVICE ORDER TO RESTORE POWER CABLE BETWEEN DENMARK AND NORWAY <<>>.‍SERVICE OPERATION IS SCHEDULED TO BEGIN IN OCTOBER.​.  Full Article

NKT A/S: Financial outlook for 2017 unchanged
Tuesday, 10 Oct 2017 04:15am EDT 

Oct 10 (Reuters) - NKT A/S ::FINANCIAL UPDATE BEFORE INTENDED DEMERGER OF NILFISK .‍PRELIMINARY Q3 2017 FINANCIAL RESULTS WAS AS EXPECTED WITH REVENUE (STD. METAL PRICES) OF APPROX. EUR 303M AND OPERATIONAL EBITDA OF APPROX. EUR 44M.​.‍2017 FINANCIAL OUTLOOK FOR NKT IS UNCHANGED​.‍2017 FINANCIAL OUTLOOK FOR NILFISK IS UNCHANGED​.‍AT EXTRAORDINARY GENERAL MEETING TO BE HELD TODAY, SPLIT OF NKT A/S IS EXPECTED TO BE APPROVED​.  Full Article

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