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, Czech Republic, Norway, and the US. NKT is headquartered in Brondby, Greenland, Denmark.
Headquarters
Denmark
Address
Vibeholms Alle 20, Broendby, Greenland, 2605
Website
www.nkt.dk
Telephone
45 43 482000
No of Employees
5,409
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*
$7.5B
Net Profit Margin (2024)
XYZ
-25.6%
(2024 vs 2023)
* As of and is in US$
NKT AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| High Voltage Cable Solutions | Technology Consulting |
| Medium Voltage | Lifecycle Cable Services |
| Low 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 |
|---|---|---|
| 2026 | Others | In July, the company announced the deployment of the first 400 kV HVAC temporary cable solution for German transmission system operator Amprion. |
| 2026 | Corporate Changes/Expansions | In June, the company expanded its medium-voltage power production facility in Asnaes, Denmark. |
| 2026 | New Products/Services | In May, the company introduced JCSI-35, an IEEE-qualified, medium-voltage cold-shrink splice in North America. |
Competitor Comparison
| Key Parameters | NKT AS | Prysmian SpA | Nexans SA | Southwire Co LLC | Leoni AG |
|---|---|---|---|---|---|
| Headquarters | Denmark | Italy | France | United States of America | Germany |
| City | Broendby | Milano | Paris | Carrollton | Nuernberg |
| State/Province | Greenland | Lombardia | Ile-de-France | Georgia | Bayern |
| No. of Employees | 5,409 | 33,824 | 12,669 | 9,329 | 85,548 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Claes Westerlind | President; Chief Executive Officer | Senior Management | 2023 | 44 |
| Michael Yong | Chief Financial Officer | Senior Management | 2026 | 52 |
| Will Hendrikx | ; Chief Operating Officer | Senior Management | 2020 | 62 |
| Anders Jensen | Chief Technology Officer | Senior Management | 2018 | 62 |
| Morten Bang | Chief Legal Officer | Senior Management | 2025 | 42 |
| 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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