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NKT A/S (NKT.CO)

NKT.CO on Copenhagen Stock Exchange

272.60DKK
1:33pm GMT
Change (% chg)

kr.-1.00 (-0.37%)
Prev Close
kr.273.60
Open
kr.273.90
Day's High
kr.275.50
Day's Low
kr.270.00
Volume
29,097
Avg. Vol
149,405
52-wk High
kr.577.00
52-wk Low
kr.242.30

Latest Key Developments (Source: Significant Developments)

NKT Q3 operational EBITDA at EUR 43.8‍​ million
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - NKT A/S :‍2017 FINANCIAL OUTLOOK UNCHANGED FOR NKT​.‍2017 FINANCIAL OUTLOOK ADJUSTED FOR NKT PHOTONICS​.‍FOR NKT PHOTONICS, EXPECTED ORGANIC GROWTH IS APPROX. 10%​.Q3 OPERATIONAL EBITDA EUR 43.8‍​ MILLION (REUTERS POLL EUR 45.3 MILLION).FOR NKT PHOTONICS, EXPECTED AND OPERATIONAL EBITDA MARGIN IS APPROX. 10%, AGAINST A PREVIOUS TARGET OF APPROX 15%.​.Q3 REVENUE EUR 396.6‍​ MILLION VERSUS EUR 257.9 MILLION YEAR AGO.  Full Article

NKT is preferred bidder for Moray East project
Monday, 13 Nov 2017 

Nov 13 (Reuters) - NKT A/S ::NKT IS PREFERRED BIDDER FOR MORAY EAST OFFSHORE WIND FARM PROJECT.‍SUCH TYPE OF PROJECT TYPICALLY HAS A CONTRACT VALUE IN RANGE OF EUR 130-170M (DKK 970 - 1,270M), WHICH IS ALSO EXPECTED FOR MORAY EAST PROJECT​.‍INSTALLATION OF CABLES IS EXPECTED TO COMMENCE IN 2020​.  Full Article

NKT awarded Borssele Beta offshore AC cable project
Monday, 30 Oct 2017 

Oct 30 (Reuters) - NKT :AWARDED BORSSELE BETA OFFSHORE AC CABLE PROJECT .‍CONTRACT IS AWARDED IN A CONSORTIUM WITH BOSKALIS SUBSIDIARY VBMS​.‍FOR NKT BORSSELE BETA CONTRACT VALUE WILL BE APPROX. EUR 90M​.  Full Article

NKT wins turnkey service order to restore power cable between Denmark and Norway
Monday, 23 Oct 2017 

Oct 23 (Reuters) - NKT A/S ::NKT WINS THE TURNKEY SERVICE ORDER TO RESTORE POWER CABLE BETWEEN DENMARK AND NORWAY <<>>.‍SERVICE OPERATION IS SCHEDULED TO BEGIN IN OCTOBER.​.  Full Article

NKT A/S: Financial outlook for 2017 unchanged
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - NKT A/S ::FINANCIAL UPDATE BEFORE INTENDED DEMERGER OF NILFISK .‍PRELIMINARY Q3 2017 FINANCIAL RESULTS WAS AS EXPECTED WITH REVENUE (STD. METAL PRICES) OF APPROX. EUR 303M AND OPERATIONAL EBITDA OF APPROX. EUR 44M.​.‍2017 FINANCIAL OUTLOOK FOR NKT IS UNCHANGED​.‍2017 FINANCIAL OUTLOOK FOR NILFISK IS UNCHANGED​.‍AT EXTRAORDINARY GENERAL MEETING TO BE HELD TODAY, SPLIT OF NKT A/S IS EXPECTED TO BE APPROVED​.  Full Article

NKT to initiate demerging
Monday, 11 Sep 2017 

Sept 11 (Reuters) - NKT A/S :ANNOUNCES DEMERGER PLAN FOR THE COMPANY .‍SPLIT WILL BE CONDUCTED AS A PARTIAL, TAX-EXEMPT DEMERGER OF NKT AND WILL HAVE RETROSPECTIVE EFFECT AS OF JAN 1 2017.‍SPLIT IMPLICATES THAT NKT CONTRIBUTES 100% OF NILFISK TO NILFISK A/S AND ITS AFFILIATES, TO NILFISK HOLDING A/S.NILFISK HOLDING IS A COMPANY THAT WILL BE INCORPORATED AT COMPLETION OF DEMERGER​.SHAREHOLDERS IN NKT WILL ALSO BECOME SHAREHOLDERS IN NILFISK HOLDING IN SAME PROPORTION AS THEY ARE SHAREHOLDERS IN NKT A/S​.  Full Article

NKT Holding offering oversubscribed, raises DKK 1.4 billion
Wednesday, 5 Oct 2016 

NKT Holding A/S : Completion of offering of new and existing shares in NKT Holding . In total, NKT will issue 2.4 million new shares and sell 0.9 million existing shares in offering at 415 Danish crowns ($62.5) per share . Raises gross proceeds of about 1.4 billion crowns . As offering was over-subscribed several times by Danish and international institutional investors, individual allocation of shares has been made .Net proceeds of offering will be used to partially finance expected acquisition of ABB HV Cables.  Full Article

NKT Holding to issue and sell up to 3.4 million shares
Wednesday, 5 Oct 2016 

NKT Holding A/S : Said on Tuesday had resolved to launch offering of new shares and existing shares (treasury shares) at market price . Said offering would be executed through accelerated book-building process . To offer maximum of 2,437,348 new shares, representing 9.99 pct of NKT's registered share capital, and up to 947,889 existing treasury shares . Net proceeds of offering to be used to partially finance expected acquisition of ABB HV Cables . Offering to be made to institutional investors in Denmark and, subject to certain restrictions, internationally at market price . Books for offering will open with immediate effect and can close at any time .Offer period runs up to and including Oct. 5, but may be shortened.  Full Article

nkt cables divests Automotive cable business to Wilms Group
Monday, 3 Oct 2016 

NKT Holding A/S : nkt cables divests Automotive cable business to Wilms Group .Closing of transaction is subject to regulatory approval and is expected to take place in Q1 2017.  Full Article

NKT Cables divests its APAC operations to focus on core businesses
Thursday, 29 Sep 2016 

NKT Holding A/S : NKT Cables divests its APAC operations to focus on core businesses . Has entered into agreement to divest all its Chinese business activities to Srising Technology Co . Enterprise value amounts to 14.3 million euros ($16 million) . Closing of transaction is subject to Chinese governmental approval and expected by end-October 2016 . Divestment will reduce NKT's net interest-bearing debt with about 13 million euros .Operational 2016 outlook maintained - impairment loss increased.  Full Article

Prysmian sets sights on other M&A targets after General Cable deal

MILAN Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable .