April 23, 2017 4:58 AM ET

Electrical Equipment

Company Overview of NKT Cables Group A/S

Company Overview

NKT Cables Group A/S manufactures and supplies cable products for electricity supply applications. It offers high voltage cables for transmission, medium cables for distribution, and accessories, as well as installation services. The company was incorporated in 1991 and is based in Brondby, Denmark. It has production facilities and sales offices in Denmark, Germany, Poland, the Czech Republic, Norway, and China. NKT Cables Group A/S operates as a subsidiary of NKT Holding A/S.

Vibeholms Alle 25

Brondby,  2605

Denmark

Founded in 1991

Phone:

45 43 48 20 00

Fax:

45 43 43 38 65

Key Executives for NKT Cables Group A/S

Chief Financial Officer
Chief Operating Officer
Age: 67
President of Projects Business
Age: 50
Corporate Communications Manager
Age: 60
Compensation as of Fiscal Year 2016.

NKT Cables Group A/S Key Developments

NKT Cables Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year 2015; Reports Impairment for the Third Quarter Ended September 30, 2015

NKT Cables announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of DKK 2,102 million against DKK 2,322 million a year ago. Revenue, std. metal prices was DKK 1,470 million against DKK 1,657 million a year ago. Operational EBITDA was DKK 109 million against DKK 134 million a year ago. EBITDA was DKK 73 million against DKK 90 million a year ago. Operational EBIT was DKK 35 million against DKK 64 million a year ago. EBIT was DKK 6 million against DKK 20 million a year ago. Cash flow from operating activities was DKK 177 million against cash flow used in operating activities of DKK 36 million a year ago. The decrease in operational EBITDA was driven by lower revenue in both the Projects business and APAC. Free cash flow was DKK 134 million against negative free cash flows of DKK 106 million a year ago. For the nine months, the company reported revenue of DKK 6,928 million against DKK 6,583 million a year ago. Revenue, std. metal prices was DKK 4,820 million against DKK 4,541 million a year ago. Operational EBITDA was DKK 460 million against DKK 299 million a year ago. EBITDA was DKK 352 million against DKK 98 million a year ago. Operational EBIT was DKK 236 million against DKK 80 million a year ago. LBIT was DKK 151 million against DKK 121 million a year ago. Cash flow from operating activities was DKK 264 million against DKK 216 million a year ago. Free cash flow was DKK 176 million against DKK 49 million a year ago. For the full year 2015, the company expectations are unchanged with organic growth of approximately 5% and operational EBITDA margin (std. metal prices) around 9.0%. For the third quarter, the company reported impairment of DKK 7 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 29, 2016
nkt cables group GmbH, Chinese Business Activities
Merger/Acquisition
September 21, 2016
ABB Ltd., High-Voltage Cables Business
 

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