Danish cable maker NKT's Q2 organic growth falls on Transmission segment weakness

NKT A/S

13/08/2026 16:57

Overview
Denmark power cable maker's Q2 revenue was flat yr/yr, organic growth declined 
Operational EBITDA for Q2 was stable at EUR 104 mln, margin increased to 15.7%
Champlain Hudson project completion drove lower activity in Transmission segment

Outlook
NKT expects 2026 revenue at standard metal prices of EUR 2.65-2.75 bln
Company sees 2026 operational EBITDA at EUR 400-430 mln

Result Drivers
TRANSMISSION SLOWDOWN - Completion of Champlain Hudson Power Express project led to lower activity and negative organic growth in Transmission segment
GRID SOLUTIONS & ACCESSORIES GROWTH - Positive organic growth in Grid Solutions & Accessories was broad based
CAPACITY INVESTMENTS - Ongoing investments to expand capacity, including completion of additional medium-voltage capacity in Denmark, contributed marginally to revenue

Company press release: ID:nWkrcdFWVL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 947 mln
 
Q2 Operational EBITDA
 
EUR 104 mln
 
Q2 Operational EBITDA Margin
 
15.70%
 
Q2 Organic Growth
 
-9.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Nkt A/S is DKK917.00, about 4.7% below its August 12 closing price of DKK962.50
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 30 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)