Recent Insider Transactions • May 20
Independent Deputy Chairman recently bought kr.2.0m worth of stock On the 18th of May, Rene Svendsen-Tune bought around 2k shares on-market at roughly kr.1,049 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr.12m. This was Rene's only on-market trade for the last 12 months. Price Target Changed • May 18
Price target increased by 11% to kr.915 Up from kr.827, the current price target is an average from 11 analysts. New target price is 13% below last closing price of kr.1,047. Stock is up 105% over the past year. The company is forecast to post earnings per share of €3.99 for next year compared to €4.93 last year. Reported Earnings • May 15
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: €1.08 (up from €1.01 in 1Q 2025). Revenue: €864.0m (up 3.2% from 1Q 2025). Net income: €58.0m (up 7.4% from 1Q 2025). Profit margin: 6.7% (up from 6.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 65%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 41% per year. Annonce • May 07
Nkt Launches Ieee-Qualified Medium Voltage Splice for the North American Market NKT, a European manufacturer of power cable systems and accessories, was strengthening its presence in North America with the launch of JCSI-35, an IEEE-qualified, all-in-one medium-voltage cold-shrink splice. Designed to deliver high reliability, electrical integrity and long-term service life, the solution is engineered to perform under demanding operating conditions across the United States and Canada. The launch marks an important step in NKT's regional expansion, building on its established role as a supplier to major infrastructure projects, including the Champlain Hudson Power Express. With the launch of JCSI-35 - an all-in-one medium-voltage cold-shrink splice - NKT is broadening its product offering to meet growing demand from distribution system operators in the United States and Canada. Designed specifically for the requirements of the North American market, JCSI-35 is qualified to IEEE 404 and is suitable for 15 kV, 28 kV and 35 kV applications. It combines best-in-class components trusted across the industry with NKT's own design and material enhancements to ensure reliable electrical performance and long service life under demanding grid conditions. Reliability is central to the design of JCSI-35. The splice has passed IEEE 404 testing, demonstrating its ability to withstand real-world electrical and environmental stresses, including partial discharge testing. A key contributor to this reliability is the integrated shear-bolt connector, which is tested to ANSI C119.4 Class C. The connector ensures precise torque application, delivering a secure and consistent electrical connection while reducing installation errors and enhancing operational safety. A central element of JCSI-35's reliability is its engineered silicone body, designed to ensure long-term mechanical and electrical stability. The splice body is manufactured from an extra-high tear strength silicone material, allowing controlled expansion during installation without splitting. The material provides high dielectric strength, reliable low-temperature recovery and consistent performance throughout the product's service life. A thicker cross-section at critical points reduces surface stress, further enhancing durability under demanding grid conditions. To address another key failure mode in the market, JCSI-35 features a robust internal and external sealing system designed to prevent moisture ingress and maintain long-term insulation integrity. JCSI-35 is aimed at distribution system operators, installers and distributors across the United States and Canada, where demand for IEEE-qualified, cold-applied accessories continues to grow. NKT supports the launch with local sales expertise. Other IEEE qualified accessories will follow as they become ready for sale, enabling us to support utilities and their partners with reliable solutions across the cable system. Board Change • Mar 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Anne Vedel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Mar 26
NKT A/S Announces Board Appointments NKT A/S at its Annual General Meeting held on March 25, 2026 announced that Martin Tranberg Nielsen and Allan Sølberg Ellekær serve as employee representatives on the Board of Directors following the election held on 19 March 2026. Recent Insider Transactions • Mar 20
President & CEO recently bought kr.12m worth of stock On the 18th of March, Claes Westerlind bought around 15k shares on-market at roughly kr.810 per share. This transaction increased Claes' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Claes' only on-market trade for the last 12 months. Annonce • Mar 04
NKT A/S, Annual General Meeting, Mar 25, 2026 NKT A/S, Annual General Meeting, Mar 25, 2026, at 15:45 Romance Standard Time. Location: amerika plads 29, 2100 copenhagen., Denmark Reported Earnings • Feb 26
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €4.93 (up from €4.19 in FY 2024). Revenue: €3.57b (up 9.6% from FY 2024). Net income: €264.0m (up 17% from FY 2024). Profit margin: 7.4% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Annonce • Feb 25
NKT A/S Provides Earnings Guidance for the Year 2026 NKT A/S provided earnings guidance for the year 2026. Revenue (in standard metal prices) is expected to be approximately EUR 2.63 billion - EUR 2.78 billion. Annonce • Feb 06
NKT A/S Appoints Michael Yong As Chief Financial Officer Effective April 1, 2026 NKT A/S has appointed Michael Yong as Chief Financial Officer (CFO) of NKT and NKT A/S, effective from April 1, 2026. Michael Yong currently serves as Chief Strategy Officer at NKT and is a member of the Group Leadership Team. He has been responsible for the strategy function since joining the company in 2021. Prior to joining NKT, Michael Yong held a number of senior international leadership positions within the power cable and energy infrastructure industries. His experience includes previous CFO responsibilities, strategy development, M&A and business transformation at SGB-SMIT Group and Prysmian Group. Michael Yong succeeds Line Andrea Fandrup, who has decided to leave NKT no later than the end of April 2026. New Risk • Feb 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (62% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Annonce • Jan 13
Nkt Launches New Dry-Type High-Voltage Outdoor Terminations to Enhance Safety and Reduce Environmental Risk in the Power Grid NKT launched the KFEV 245 dry-type outdoor termination to address concerns brought by the conventional oil-filled technology that still largely dominates the market. The KFEV 245 has been developed to meet growing demand for safe alternatives in modern power transmission systems. It offers a range of practical improvements that address the need for reduced complexity and simplified installation. Oil-filled outdoor terminations still dominate the high-voltage cable accessories market. However, customers increasingly prefer dry-type terminations for environmental and safety reasons, similar to those widely introduced and favoured at lower voltage levels in recent years. To meet growing demand and set the standard for the best solutions in the market, NKT is now introducing the KFEV 245 dry - dry-type outdoor termination for 245 kV power cable systems. The demand in the market for high-voltage dry-type outdoor terminations has been increasing in recent years. High-voltage power cable systems can benefit from terminations that allow faster, easier, and safer installation. Dry-type terminations are more reliable and sustainable because they eliminate the risk of oil leaks, thereby minimising potential negative environmental impact, says Biswajit Singh, Senior Director, Product Management Accessories at NKT. A simple and robust design: The KFEV 245 dry plug-in outdoor termination is now part of NKT's comprehensive high-voltage accessories portfolio, covering the full HVAC voltage range up to 550 kV. Like the rest of the high-voltage accessoriesfolio, this new termination is manufactured at NKT's high-voltage cable accessories centre of excellence in Alingsas, Sweden. Price Target Changed • Nov 21
Price target increased by 8.9% to kr.757 Up from kr.695, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.769. Stock is up 38% over the past year. The company is forecast to post earnings per share of €4.04 for next year compared to €4.19 last year. Reported Earnings • Nov 20
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: €1.21 (up from €1.02 in 3Q 2024). Revenue: €936.0m (up 9.3% from 3Q 2024). Net income: €65.0m (up 18% from 3Q 2024). Profit margin: 6.9% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr.834, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Electrical industry in Europe. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.1,134 per share. Price Target Changed • Oct 27
Price target increased by 7.3% to kr.695 Up from kr.648, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of kr.732. Stock is up 10% over the past year. The company is forecast to post earnings per share of €3.92 for next year compared to €4.19 last year. Price Target Changed • Oct 08
Price target increased by 7.2% to kr.648 Up from kr.604, the current price target is an average from 10 analysts. New target price is 10% below last closing price of kr.722. Stock is up 14% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €4.19 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: €0.90 (vs €1.34 in 2Q 2024) Second quarter 2025 results: EPS: €0.90 (down from €1.34 in 2Q 2024). Revenue: €945.0m (up 18% from 2Q 2024). Net income: €54.0m (down 25% from 2Q 2024). Profit margin: 5.7% (down from 9.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: €1.00 (vs €0.84 in 1Q 2024) First quarter 2025 results: EPS: €1.00 (up from €0.84 in 1Q 2024). Revenue: €837.0m (up 19% from 1Q 2024). Net income: €57.0m (up 27% from 1Q 2024). Profit margin: 6.8% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 25
Executive VP & CFO recently sold kr.2.8m worth of stock On the 20th of March, Line Fandrup sold around 5k shares on-market at roughly kr.536 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Line has been a net seller over the last 12 months, reducing personal holdings by kr.4.9m. Annonce • Mar 18
NKT Launches New Monitoring Solution to Safeguard Cables NKT introduces an integrated cable monitoring platform designed to support continuous operation of on- and of shore power cables by proactively identifying and mitigating potential threats, including fishing accidents and deliberate damage. NKT is launching a new cable monitoring solution, a platform that integrates multiple sensors and combines technologies to provide a comprehensive overview of power cable conditions, aiming to make power cable grids more reliable. The platform combines data from various sensors and technologies, such as vessel location, acoustic sensing around the cable, depth of burial of the cable under the seabed, and conductor temperature. By integrating and analysing this data together, the platform can identify suspicious activities, such as vessels passing slowly, fishing equipment or anchors being pulled near the cable, and other risks that could lead to cable damage. When one or more parameters exceed predefined thresholds, the platform triggers an alert helping those monitoring the cable to take potential remediation actions and strengthen the grid's resilience. The company new cable monitoring platform represents a significant advancement in ensuring the reliability and safety of power cables. By integrating multiple sensors into a single platform, the company can provide situational awareness and proactive monitoring, which is crucial for maintaining up-time and preventing damage, says Stefan Persson, Director, Cable Monitoring Solutions, Service & Installation at NKT. Root cause analysis support: If a failure of critical infrastructure occurs, knowledge about the cause of the incident can be of great importance for the power cable owner as well as public authorities. By gathering alarm data, including vessel movements and acoustic data, the system can support the root cause analysis of the damage. In the short run, it can pinpoint potential responsible parties, and in the long run, it can help improve situational awareness around the cable, says Stefan Persson. Preparedness is key for securing continuous operation of power cables: The platform includes features that provide cable owners with detailed information about how the cable is performing as well as documentation, information from marine survey inspections, current stockpiling status of spare parts, and notifications for replacing parts nearing expiry. This proactive approach helps in identifying focus areas to ensure the cable remains operational and improves the overall level of preparedness and the ability to take preventive measures. The company solution enhances the ability to monitor and safeguard power cables but also helps cable owners prepare for and mitigate potential failures. Reducing outage times for a cable includes readiness in case a critical situation occurs. Recent Insider Transactions • Feb 26
Independent Deputy Chairman recently bought kr.997k worth of stock On the 24th of February, Rene Svendsen-Tune bought around 2k shares on-market at roughly kr.503 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rene's only on-market trade for the last 12 months. Reported Earnings • Feb 23
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €4.27 (up from €2.15 in FY 2023). Revenue: €3.25b (up 25% from FY 2023). Net income: €236.0m (up 119% from FY 2023). Profit margin: 7.3% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 10
Price target decreased by 7.3% to kr.560 Down from kr.604, the current price target is an average from 10 analysts. New target price is 21% above last closing price of kr.463. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of €5.58 for next year compared to €2.15 last year. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €1.02 (vs €0.39 in 3Q 2023) Third quarter 2024 results: EPS: €1.02 (up from €0.39 in 3Q 2023). Revenue: €856.0m (up 30% from 3Q 2023). Net income: €55.0m (up 162% from 3Q 2023). Profit margin: 6.4% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Nov 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr.2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Annonce • Nov 15
NKT A/S, Annual General Meeting, Mar 19, 2025 NKT A/S, Annual General Meeting, Mar 19, 2025. Board Change • Oct 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jean Iversen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 59% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €3.40 to €5.41. Revenue forecast steady at €3.09b. Net income forecast to grow 47% next year vs 11% growth forecast for Electrical industry in Denmark. Consensus price target up from kr.603 to kr.616. Share price rose 6.9% to kr.647 over the past week. Recent Insider Transactions • Aug 21
Executive VP & CFO recently sold kr.2.1m worth of stock On the 19th of August, Line Fandrup sold around 3k shares on-market at roughly kr.624 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Line has been a net seller over the last 12 months, reducing personal holdings by kr.2.8m. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €1.34 (vs €0.74 in 2Q 2023) Second quarter 2024 results: EPS: €1.34 (up from €0.74 in 2Q 2023). Revenue: €802.0m (up 27% from 2Q 2023). Net income: €72.0m (up 125% from 2Q 2023). Profit margin: 9.0% (up from 5.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annonce • Jul 11
NKT A/S Updates Financial Guidance for the Full Year 2024 NKT A/S updated financial guidance for the full year 2024. For the year, the company’s revenue (std. metal prices) are expected to be approximately EUR 2.33 billion to EUR 2.43 billion (previously approximately EUR 2.21 billion to EUR 2.36 billion excluding SolidAl). Annonce • Jun 21
NKT A/S (CPSE:NKT) acquired SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP for total enterprise value of approximately €190 million. NKT A/S (CPSE:NKT) agreed to acquire SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP for total enterprise value of approximately €190 million on June 21, 2024. As part of the acquisition, NKT will invest an additional €50 million to expand the medium- and high-voltage capacity at the existing site. For the period ending December 31, 2023, SolidAl reported total revenue of €150 million and EBITDA of €20 million. The acquisition was funded within the existing capital structure. The transaction is unconditional, and closing is effective as of today.
Lazard, Inc. acted as financial advisor to Njord Partners. Barou Advisers acted as financial advisor to Njord Partners. Macfarlanes LLP acted as legal advisor to Njord Partners. Uría Menéndez Abogados, S.L.P. acted as legal advisor to Njord Partners.
NKT A/S (CPSE:NKT) completed the acquisition of SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP on June 21, 2024. Annonce • Jun 01
Photonics Management Europe SRL completed the acquisition of NKT Photonics A/S from NKT A/S (CPSE:NKT) for approximately €250 million. Photonics Management Europe SRL agreed to acquire NKT Photonics A/S from NKT A/S (CPSE:NKT) for approximately €205 million on June 9, 2022. Hamamatsu Photonics entered into a share purchase agreement to acquire NKT Photonics A/S from NKT A/S (CPSE:NKT) on June 24, 2022. As per the announcement Hamamatsu Photonics K.K. board of directors had already passed a resolution on June 9,2022. Hamamatsu Photonics K.K. will acquire 15 million shares of NKT Photonics A/S. The Acquisition will be financed from Hamamatsu Photonics K.K. own funds and bank loans. As of December 31, 2021. NKT Photonics A/S reported a turnover of €80.1 million and total assets of €151.5 million with a negative EBIT of €7.1 million and negative total common equity of €11.2 million. The transaction is subject to regulatory approvals. The transaction is expected to complete on March 31, 2023. The required regulatory approvals have over the past months been obtained from authorities in Germany, United Kingdom, and the United States. However, as of May 2, 2023, Photonics Management Europe SRL has been denied the authorization under the Danish Investment Screening Act to proceed to complete the transaction and acquire NKT Photonics. According to the Danish Investment Screening Act, the Danish Minister for Industry, Business, and Financial Affairs can refuse to authorize a foreign company's investment in Denmark, if it poses a threat to national security or public order in Denmark. Now, NKT awaits the Photonics's further actions in response to the decision and, separately, NKT evaluates its options considering the decision. NKT deems to be contractually well protected against the situation. As of May 9, 2023 Danish Business Authority denied the deal. As of July 20, 2023, Hamamatsu Photonics K.K. submitted to the Danish Business Authority an application to acquire shares in NKT Photonics as a subsidiary of Photonics Management Europe SRL. As announced on May 6, 2024, on July 20, 2023, Hamamatsu Photonics refiled its application to have the transaction approved in Denmark under the Danish Investment Screening Act. Hamamatsu Photonics received a notice from the Danish Business Authority that the Acquisition was approved. NKT Photonics can now be divested to Hamamatsu. NKT expects the transaction to be completed within Q2 2024. J.P. Morgan Securities acted as financial advisor to NKT A/S. Kromann Reumert acted as legal advisor for NKT A/S.
Photonics Management Europe SRL completed the acquisition of NKT Photonics A/S from NKT A/S (CPSE:NKT) for approximately €250 million on May 31, 2024. Major Estimate Revision • May 15
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €2.95b to €2.98b. EPS estimate increased from €3.18 to €3.73 per share. Net income forecast to grow 56% next year vs 21% growth forecast for Electrical industry in Denmark. Consensus price target broadly unchanged at kr.559. Share price rose 2.5% to kr.585 over the past week. Annonce • May 09
NKT A/S Reaffirms Financial Guidance for the 2024 NKT A/S reaffirmed financial guidance for the 2024. For the year, the company’s revenue (in std. metal prices) is expected to be approximately EUR 2.21 billion to EUR 2.36 billion. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €0.85 (vs €0.62 in 1Q 2023) First quarter 2024 results: EPS: €0.85 (up from €0.62 in 1Q 2023). Revenue: €704.0m (up 19% from 1Q 2023). Net income: €48.0m (up 79% from 1Q 2023). Profit margin: 6.8% (up from 4.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 08
Price target increased by 8.7% to kr.592 Up from kr.545, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of kr.609. Stock is up 81% over the past year. The company is forecast to post earnings per share of €3.15 for next year compared to €2.15 last year.