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, 2605
Website
www.nkt.dk
Telephone
45 43 482000
No of Employees
4,029
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
NKT (CPH)
Revenue (2023)
$2.2B
13.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
1422%
(2023 vs 2022)
Market Cap*
$2.2B
Net Profit Margin (2023)
XYZ
1,263.6%
(2023 vs 2022)
* As of and is in US$
NKT AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Low-voltage cables | Cable Services |
| Medium-voltage cables | Technology Consulting |
| High-voltage cables | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, the company signed a joint venture agreement with Walsin Lihwa to provide technical support for the construction of the first subsea power cable factory in Taiwan. |
| 2022 | New Products/Services | In October, the company inaugurated newly built extrusion tower for high-voltage power cables. |
| 2022 | Contracts/Agreements | In September, the company entered into an agreement to use low-carbon copper for the 320 kV HVDC cables which NKT is delivering to the Dogger Bank C in the North Sea. |
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 |
| No. of Employees | 4,029 | 30,862 | 24,962 | 95,905 | 565 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jens Due Olsen | Chairman | Executive Board | - | 59 |
| Alexander Kara | President; Chief Executive Officer | Senior Management | 2019 | 61 |
| Line Andrea Fandrup | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 43 |
| Anders Jensen | Executive Vice President; Chief Technology Officer | Senior Management | 2018 | 58 |
| Kira Johnson | Executive Vice President; Chief Human Resources Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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