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NKT A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

98.70DKK
9:13pm IST
Change (% chg)

kr.0.05 (+0.05%)
Prev Close
kr.98.65
Open
kr.99.50
Day's High
kr.100.30
Day's Low
kr.97.50
Volume
49,717
Avg. Vol
220,438
52-wk High
kr.270.40
52-wk Low
kr.73.25

Latest Key Developments (Source: Significant Developments)

NKT Wins Its Largest Offshore Export Cable Order Ever
Sunday, 25 Nov 2018 

Nov 26(Reuters) - NKT A/S ::SAID ON SUNDAY HAD BEEN AWARDED ITS LARGEST OFFSHORE EXPORT CABLE ORDER EVER FOR THE OSTWIND 2 GRID CONNECTION.CONTRACT WAS WON IN A CONSORTIUM WITH BOSKALIS SUBSEA CABLES & FLEXIBLES, WHO WILL INSTALL THE OFFSHORE CABLE SYSTEM.NKT CONTRACT VALUE IS ABOUT EUR 300 MILLION IN MARKET PRICES, EQUIVALENT TO ABOUT EUR 255 MILLION (ABOUT DKK 1.9 BILLION) IN STANDARD METAL PRICES.  Full Article

NKT Is Selected Exclusive Supplier Of Export Cable System For Inch Cape Offshore Wind Farm Project
Monday, 19 Nov 2018 

Nov 19 (Reuters) - NKT A/S ::REG-NKT IS SELECTED EXCLUSIVE SUPPLIER OF EXPORT CABLE SYSTEM FOR INCH CAPE OFFSHORE WIND FARM PROJECT.SIGNED AN EXPORT CABLE PRE-CONSTRUCTION AGREEMENT (PCA).SUCH TYPE OF PROJECT TYPICALLY HAS A NKT CONTRACT VALUE IN RANGE OF EUR 80-120M (DKK 600-900M) IN MARKET PRICES.PCA IS SIGNED IN A CONSORTIUM WITH BOSKALIS SUBSEA CABLES & FLEXIBLES.CONTRACT FOR DELIVERY AND INSTALLATION OF EXPORT CABLE SYSTEM TO UK OFFSHORE WIND FARM PROJECT INCH CAPE.  Full Article

NKT To Upgrade Important High-Voltage Cable Link Between Denmark And Sweden
Monday, 12 Nov 2018 

Nov 12 (Reuters) - NKT A/S ::NKT TO UPGRADE IMPORTANT HIGH-VOLTAGE CABLE LINK BETWEEN DENMARK AND SWEDEN.FOR NKT, ORDER VALUE OF ÖRESUND CONNECTION IS APPROX. EUR 22M.PROJECT IS EXPECTED TO BE COMPLETED IN 2020.ORDER WAS WON IN A CONSORTIUM WITH VBMS B.V..  Full Article

NKT Receives Letter Of Award For Cable Project Johan Sverdrup 2
Friday, 5 Oct 2018 

Oct 5 (Reuters) - NKT A/S ::REG-NKT RECEIVES LETTER OF AWARD FOR THE TURNKEY OFFSHORE HVDC CABLE PROJECT JOHAN SVERDRUP 2.CONTRACT VALUE IS EXPECTED TO BE APPROX. EUR 110M (APPROX. DKK 820M).LETTER OF AWARD OF JOHAN SVERDRUP 2 DOES NOT CHANGE 2018 FINANCIAL OUTLOOK FOR NKT.  Full Article

NKT Confirms Order For Triton Knoll Offshore Wind Farm Project
Friday, 31 Aug 2018 

Aug 31 (Reuters) - NKT A/S ::REG-NKT CONFIRMS ORDER FOR TRITON KNOLL OFFSHORE WIND FARM PROJECT.INNOGY, PROJECT OWNER, HAS NOW MADE FINAL INVESTMENT DECISION FOR TRITON KNOLL OFFSHORE WIND FARM.CABLES WILL BE DELIVERED IN Q4 2019 AND Q2 2020, RESPECTIVELY..AWARD OF TRITON KNOLL DOES NOT CHANGE 2018 FINANCIAL OUTLOOK FOR NKT..  Full Article

NKT To Issue EUR 150 Mln Hybrid Security As Part Of Refinancing
Friday, 24 Aug 2018 

Aug 24 (Reuters) - NKT A/S ::REG-NKT A/S INTENDS TO ISSUE A HYBRID SECURITY AS PART OF REFINANCING.INFORMATION IN THIS ANNOUNCEMENT DOES NOT CHANGE 2018 FINANCIAL OUTLOOK FOR NKT AND NKT PHOTONICS..HYBRID SECURITY IS EXPECTED TO HAVE A SIZE OF UP TO EUR 150M.FOLLOWING ISSUANCE OF HYBRID SECURITY A NEW COMMITTED EUR 300M REVOLVING CREDIT FACILITY WITH A 4-YEAR MATURITY WILL COME INTO FORCE.  Full Article

NKT Awarded Hornsea 2 Offshore AC Cable Project
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Nkt A/S ::REG-NKT AWARDED HORNSEA 2 OFFSHORE AC CABLE PROJECT.AWARDED A CONTRACT BY ØRSTED OF OVER EUR 145M (APPROX. DKK 1.08BN).AWARD OF HORNSEA 2 DOES NOT CHANGE 2018 FINANCIAL OUTLOOK FOR NKT..CONTRACT VALUE CORRESPONDS TO APPROX. EUR 110M IN STANDARD METAL PRICES (APPROX. DKK 820M).  Full Article

NKT Wins Turnkey Order Of Two High-Voltage Cable Systems
Thursday, 28 Jun 2018 

June 28 (Reuters) - NKT A/S ::NKT TO STRENGTHEN LOCAL POWER GRID IN NORWAY WITH HIGH-VOLTAGE CABLE SYSTEMS.NKT HAS WON TURNKEY ORDER OF TWO HIGH-VOLTAGE CABLE SYSTEMS.ORDER VALUE OF MJØSA PROJECT IS BELOW USUAL ANNOUNCEMENT THRESHOLD OF NKT.DOES NOT IMPACT COMPANY'S FINANCIAL OUTLOOK FOR 2018.  Full Article

Goldman Sachs adds European utilities to M&A target list
Thursday, 28 Jun 2018 

June 28 (Reuters) - :GOLDMAN SACHS ADDS EUROPEAN UTILITIES EDP RENOVAVEIS, ENERGIAS DE PORTUGAL, GAS NATURAL TO LIST OF M&A TARGETS WITH 15 PERCENT + LIKELIHOOD OF ACQUISITION.GOLDMAN SACHS ADDS SABADELL, UNICAJA BANCO, ALTICE, FREENET, ILIAD, GETLINK, FIRSTGROUP TO M&A TARGET LIST .GOLDMAN SACHS ADDS CAPITA, AKZO NOBEL, CLARIANT, COVESTRO, CECONOMY, PRADA, KONECRANES, NKT, RENISHAW, CONVATEC, INGENICO, MICRO FOCUS TO M&A TARGET LIST.GOLDMAN SACHS SAYS IN LATE-CYCLE ENVIRONMENT, WITH ORGANIC GROWTH OPPORTUNITIES SCARCE, STRATEGIC TARGETS ARE LIKELY TO CONTINUE TO PERFORM WELL.  Full Article

NKT Q1 Operational EBITDA Up At EUR 20.4 Mln
Tuesday, 15 May 2018 

May 15 (Reuters) - NKT A/S ::REG-NKT A/S Q1 2018: INCREASED REVENUE AND EARNINGS.FINANCIAL OUTLOOK FOR 2018 FOR NKT AND NKT PHOTONICS IS UNCHANGED.OPERATIONAL EBITDA IN Q1 2018 INCREASED TO EUR 20.4M FROM EUR 17.8M IN Q1 2017..BUSINESS CONDITIONS IN PHOTONICS MARKETS REMAIN POSITIVE AND DEVELOPED FAVOURABLY IN Q1 2018.IN Q1 2018, NKT PHOTONICS INCREASED REVENUE BY EUR 4.9M TO EUR 12.4M COMPARED TO Q1 2017.NKT PHOTONICS Q1 EBITDA AMOUNTED TO EUR -1.5M, AN IMPROVEMENT OF EUR 0.6M ON Q1 2017.  Full Article