Aankondiging • Jun 19
Nkt Celebrates Commercial Operation of the Champlain Hudson Power Express Transmission Line in the Us NKT participated in the official inauguration of the high-voltage direct current (HVDC) Champlain Hudson Power Express transmission line in New York City in the United States. At an event in New York, NKT celebrated the official inauguration of the 400 kV HVDC interconnector Champlain Hudson Power Express with its customers Transmission Developers (TDI) and Hydro-Québec. The transmission line spans more than 600 km (372 miles) from Québec, Canada, to the heart of New York City. It represents a major step in transforming the city's energy system capable of supplying enough Canadian hydropower to cover up to 20% of electricity demand - equivalent to power for approximately one million households. Awarded in 2022, the turnkey project has been executed by NKT and has comprised engineering, manufacturing as well as installation of the 400 kV HVDC power cable system. The transmission line reached commercial operation in May, ahead of schedule. The Champlain Hudson Power Express is now capable of transmitting up to 1,250 megawatts of renewable hydropower from Canada to New York City as a substantial contribution to the city's energy transition. The project has involved extensive manufacturing as well as large-scale onshore and offshore installation works across multiple environments, including Lake Champlain and the Hudson and Harlem rivers. NKT has previously completed the grid connection on the Canadian side of the border, enabling a fully integrated transmission link to New York City. The commissioning follows years of planning, development and installation, and was marked at the official inauguration event held in New York City on 16 June 2026. Board Change • May 21
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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Reported Earnings • Nov 16
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 8.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. 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. Aankondiging • 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. 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 7.1% growth forecast for the Electrical industry in Germany. 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 26% per year, which means it is significantly lagging earnings growth. Aankondiging • 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). Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 09
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 7.1% growth forecast for the Electrical industry in Germany. 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 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €2.15 (vs €1.12 in FY 2022) Full year 2023 results: EPS: €2.15 (up from €1.12 in FY 2022). Revenue: €2.60b (up 23% from FY 2022). Net income: €107.8m (up 132% from FY 2022). Profit margin: 4.1% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 21
NKT A/S Provides Revenue Guidance for the 2024 NKT A/S provided revenue guidance for the 2024. For the year, Revenue (in std. metal prices) is expected to be approx. EUR 2.21 billion to EUR 2.36 billion. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €0.39 (vs €0.37 in 3Q 2022) Third quarter 2023 results: EPS: €0.39 (up from €0.37 in 3Q 2022). Revenue: €661.0m (up 34% from 3Q 2022). Net income: €20.7m (up 30% from 3Q 2022). Profit margin: 3.1% (down from 3.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 01
NKT A/S Revises Earnings Guidance for the Year 2023 NKT A/S revised earnings guidance for the year 2023. Based on the financial performance so far in 2023, the financial outlook for the full-year is updated. Revenues (std. metal prices) are expected to be approx. EUR 1.85-1.9 billion (previously approx. 1.8-1.9 billion). Aankondiging • Aug 17
NKT A/S Provides Earnings Guidance for the Year 2023 NKT A/S provided earnings guidance for the year 2023. For the period, the company still expects revenues to be approx. EUR 1.8 billion -1.9 billion. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: €0.74 (vs €0.28 in 2Q 2022) Second quarter 2023 results: EPS: €0.74 (up from €0.28 in 2Q 2022). Revenue: €632.1m (up 9.4% from 2Q 2022). Net income: €35.3m (up 189% from 2Q 2022). Profit margin: 5.6% (up from 2.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Aankondiging • May 11
NKT A/S Provides Revenue Guidance for the Full Year of 2023 NKT A/S provided revenue guidance for the full year of 2023. Revenue(in std. metal prices) is expected to be approx. EUR 1.8 billion - EUR 1.9 billion. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: €0.64 (vs €0.23 in 1Q 2022) First quarter 2023 results: EPS: €0.64 (up from €0.23 in 1Q 2022). Revenue: €591.3m (up 21% from 1Q 2022). Net income: €29.5m (up 201% from 1Q 2022). Profit margin: 5.0% (up from 2.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Aankondiging • May 09
NKT A/S Announces Executive Changes The NKT board of directors informs that Alexander Kara, CEO of NKT A/S, as of 9 May 2023 will be replaced by Claes Westerlind, who will be the new CEO. Claes Westerlind has more than 15 years of experience with power cables and high-voltage DC converters and joined NKT in 2017. Since 2019, Claes has held the position as Executive Vice President, Solutions Karlskrona, and been a member of the global leadership team in NKT. Alexander Kara has decided to leave the company for personal reasons. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €43.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Electrical industry in Germany. Total returns to shareholders of 122% over the past three years. Reported Earnings • Feb 23
Full year 2022 earnings released Full year 2022 results: Revenue: €2.13b (up 9.2% from FY 2021). Net income: €55.1m (up €59.1m from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: €0.37 (vs €0.051 loss in 3Q 2021) Third quarter 2022 results: EPS: €0.37 (up from €0.051 loss in 3Q 2021). Revenue: €496.7m (flat on 3Q 2021). Net income: €18.4m (up €20.2m from 3Q 2021). Profit margin: 3.7% (up from net loss in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Karla Lindahl was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 23
Nkt A/S Maintains Guidance for the Year 2022 NKT A/S maintained guidance for the year 2022 of EUR 130 million to EUR 155 million. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €0.28 (vs €0.30 in 2Q 2021) Second quarter 2022 results: EPS: €0.28. Revenue: €580.3m (up 13% from 2Q 2021). Net income: €14.2m (up 56% from 2Q 2021). Profit margin: 2.4% (up from 1.8% in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 17% growth forecast for the Electrical industry in Germany. Aankondiging • Aug 17
NKT A/S Provides Revenue Guidance for the Fiscal Year 2022 NKT A/S provided revenue guidance for the fiscal year 2022. For the period, Revenue (in std. metal prices) is expected to be approx. EUR 1.35 billion to EUR 1.45 billion. Aankondiging • Jun 25
Hamamatsu Photonics K.K. (TSE:6965) entered into a share purchase agreement to acquire NKT Photonics A/S from NKT A/S (CPSE:NKT) for €205 million. Hamamatsu Photonics K.K. (TSE:6965) entered into a share purchase agreement to acquire NKT Photonics A/S from NKT A/S (CPSE:NKT) for approximately €205 million 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.J.P. Morgan Securities acted as financial advisor to NKT A/S. Kromann Reumert acted as legal advisor for NKT A/S. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: €0.30 (vs €0.007 loss in 1Q 2021) First quarter 2022 results: EPS: €0.30 (up from €0.007 loss in 1Q 2021). Revenue: €513.6m (up 20% from 1Q 2021). Net income: €12.9m (up €13.2m from 1Q 2021). Profit margin: 2.5% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Aankondiging • May 18
NKT A/S Provides Earnings Guidance for the Year 2022 NKT A/S provided earnings guidance for the year 2022. For the year, the company expected Revenue (in std. metal prices) to be approx. EUR 1.35 billion- EUR 1.45 billion and Organic revenue growth is expected to be approx. 12%-17%. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Karla Lindahl was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: €0.10 loss per share (up from €2.70 loss in FY 2020). Revenue: €1.98b (up 32% from FY 2020). Net income: €4.10m (up €86.7m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year. Aankondiging • Feb 24
NKT A/S Provides Revenue Guidance for the Year 2022 NKT A/S announced revenue guidance for the year 2022. In NKT, revenue (in std. metal prices) is expected to be approx. EUR 1.35 billion - EUR 1.45 billion. In NKT Photonics, the organic revenue growth is expected to be approx. 12%-17%. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 4 analysts covering NKT previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of €40.5m in 2022. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS €0.10 (vs €0.30 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €522.3m (up 33% from 3Q 2020). Net loss: €1.80m (loss narrowed 85% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 4 analysts covering NKT expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €37.0m in 2022. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.30 (vs €0.40 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €515.6m (up 39% from 2Q 2020). Net income: €11.1m (up €26.5m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €429.6m (up 30% from 1Q 2020). Net income: €1.70m (up €24.3m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Aankondiging • May 19
NKT A/S Reaffirms Earnings Guidance for the Year 2021 NKT A/S reaffirmed earnings guidance for the year 2021. The company expects revenue (in std. metal prices) is expected to be approx. EUR 1.1 billion to EUR 1.2 billion. The targeted improvement in revenue and earnings compared to 2020 is mainly expected to be driven by Solutions. Is New 90 Day High Low • Mar 09
New 90-day low: €30.02 The company is down 5.0% from its price of €31.44 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.12 per share. Reported Earnings • Feb 26
Full year 2020 earnings released: €2.70 loss per share (vs €3.10 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €1.50b (up 11% from FY 2019). Net loss: €82.6m (loss narrowed 1.8% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the Electrical industry in Germany. Is New 90 Day High Low • Jan 08
New 90-day high: €38.54 The company is up 39% from its price of €27.82 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.31 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €36.74 The company is up 47% from its price of €24.94 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.71 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €31.44 The company is up 23% from its price of €25.66 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.18 per share. Aankondiging • Dec 06
NKT A/S Announces Board Changes, Effective December 31, 2020 NKT A/S announced that Jack Ejlertsen resigned from his position as Operator and Team Coordinator effective December 31, 2020, and consequently he will also step down as member of the Board. In his place René Dogan, Senior Sales Manager Service at NKT, will join as new member of the Board. He was elected as alternate board member at the most recent ordinary election of employee representatives and alternate members of the Board of Directors of NKT A/S which was held on 15 March 2018. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 3.2%, compared to a 18% growth forecast for the Electrical industry in Germany. Reported Earnings • Nov 11
Third quarter 2020 earnings released: €0.30 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: €393.1m (up 21% from 3Q 2019). Net loss: €9.90m (loss narrowed 53% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €22.36 The company is down 5.0% from its price of €23.48 on 30 July 2020. The German market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electrical industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €122 per share. Is New 90 Day High Low • Oct 10
New 90-day high: €27.82 The company is up 36% from its price of €20.40 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €130 per share. 