NKT AS - Company Profile
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NKT AS (NKT) is engaged in the design, manufacture, and installation of power cable solutions. The company's main activities include providing low-, medium, and high-voltage power cables and related accessories. NKT's notable products serve various applications such as interconnections, hydro-electric and nuclear power plants, onshore and offshore wind farms, oil and gas platforms, and solar energy projects. The company's products are utilized by customers across multiple industries requiring sustainable energy transmission solutions. The company has high-voltage factories in Karlskrona, Sweden, and Cologne, Germany, with a strategic focus on offshore and onshore projects, respectively. NKT also owns and operates a cable-laying vessel, NKT Victoria, to enhance its service offerings. The company has operations across Germany, Sweden, Denmark, the UK, Poland, Norway, and the US. NKT is headquartered in Copenhagen, Greenland, Denmark.
Headquarters
Denmark
Address
Amerika Plads 29, Copenhagen, Greenland, 2100
Website
www.nkt.dk
Telephone
45 43 482000
No of Employees
6,154
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
NKT (CPH)
Revenue (2024)
$4.0B
9.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-18.4%
(2024 vs 2023)
Market Cap*
$7.0B
Net Profit Margin (2024)
XYZ
-25.6%
(2024 vs 2023)
* As of and is in US$
NKT AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| High Voltage Cables | Technology Consulting | NKT |
| Medium Voltage Cables | Lifecycle Cable Services | Qaddy |
| Low Voltage Cables | Project solutions | Qarry |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In October, the company secured a contract from Hamburger Energienetze for three high-voltage cable projects |
| 2026 | New Products/Services | In August, the company introduced a fully qualified 525 kV HVDC cable system for offshore installation. |
| 2026 | Others | In July, the company announced the deployment of the first 400 kV HVAC temporary cable solution for German transmission system operator Amprion. |
Competitor Comparison
| Key Parameters | NKT AS | Prysmian SpA | Southwire Co LLC | Nexans SA | Leoni AG |
|---|---|---|---|---|---|
| Headquarters | Denmark | Italy | United States of America | France | Germany |
| City | Copenhagen | Milano | Carrollton | Paris | Nuernberg |
| State/Province | Greenland | Lombardia | Georgia | Ile-de-France | Bayern |
| No. of Employees | 6,154 | 34,591 | 8,894 | 12,669 | 85,548 |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jens Due Olsen | Chairman | Executive Board | 2006 | 63 |
| Claes Westerlind | Chief Executive Officer; President | Senior Management | 2023 | 44 |
| Michael Yong | Chief Financial Officer | Senior Management | 2021 | 52 |
| Will Hendrikx | Chief Executive Officer - Deputy; Chief Operating Officer | Senior Management | 2020 | 62 |
| Anders Jensen | Chief Technology Officer | Senior Management | 2018 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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