NKT AS - Company Profile
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NKT AS (NKT) is an industrial equipment company. It develops, manufactures, and markets cables, accessories and solutions for electrical infrastructure, construction, and railway industries. The company’s offerings include high, low, and medium-voltage AC and DC power cables; building wires; telecom cables; HV accessories; and fiber-based photonic components. The company's solutions find application in interconnections, hydro-electric and nuclear power plants, oil and gas platforms and solar energy, onshore and offshore wind farms. It has manufacturing facilities across Europe and sales offices across the world. NKT is headquartered in Brondby, Denmark.
Headquarters
Denmark
Address
Vibeholms Alle 20, Broendby, Greenland, 2605
Website
www.nkt.dk
Telephone
45 43 482000
No of Employees
4,473
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
NKT (CPH)
Revenue (2022)
$2.8B
23.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
99.2%
(2022 vs 2021)
Market Cap*
$4.3B
Net Profit Margin (2022)
XYZ
61.3%
(2022 vs 2021)
* As of and is in US$
NKT AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| High Voltage Cable Solutions | Cable Services |
| Medium Voltage | Technology Consulting |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed a strategic partnership with Hydro to increase the shift towards low-carbon aluminum and accelerate its role in reducing the carbon footprint of power cables. |
| 2024 | Contracts/Agreements | In March, the company was awarded a contract from Amprion to provide onshore power cable systems for high-voltage alternating current and direct current. |
| 2024 | Contracts/Agreements | In March, the company partnered with Hydro to create a top-tier, eco-friendly aluminum power cable value chain for Europe's renewable energy grid development. |
Competitor Comparison
| Key Parameters | NKT AS | Prysmian SpA | Nexans SA | Leoni AG | Reka Industrial Plc |
|---|---|---|---|---|---|
| Headquarters | Denmark | Italy | France | Germany | Finland |
| City | Broendby | Milano | Courbevoie | Nuernberg | Hyvinkaa |
| State/Province | Greenland | - | Centre | Bayern | - |
| No. of Employees | 4,473 | 30,086 | 28,367 | 95,090 | 398 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jens Due Olsen | Chairman | Executive Board | - | 60 |
| Line Andrea Fandrup | Chief Financial Officer; Executive Vice President | Senior Management | 2020 | 44 |
| Anders Jensen | Chief Technology Officer; Executive Vice President | Senior Management | 2018 | 59 |
| Kira Johnson | Executive Vice President; Chief Human Resources Officer | Senior Management | 2021 | 49 |
| Claes Westerlind | President; Chief Executive Officer | Executive Board | 2023 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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