Denmark's NKT Q1 operational EBITDA hits record

NKT A/S

13/05/2026 06:39

Overview

Denmark power cable maker's operational EBITDA for Q1 rose to a record high, driven by Distribution and Grid Solutions

Company saw record quarterly order intake after major project awards

Outlook

NKT expects 2026 revenue at standard metal prices of EUR 2.63-2.78 bln

Company sees 2026 operational EBITDA of EUR 360-410 mln

Result Drivers

TRANSMISSION WEAKNESS - Revenue decline was driven by lower activity in Transmission, mainly due to the ramp-down of the Champlain Hudson Power Express project and reduced subcontracted work

DISTRIBUTION AND GRID SOLUTIONS GROWTH - Record operational EBITDA was driven by Distribution and Grid Solutions & Accessories, with Distribution benefiting from robust medium-voltage demand and Accessories supporting Grid Solutions

Company press release: ID:nWkr17HfhB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 864 mln
Q1 Organic Growth
-4.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "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 DKK825.00, about 16.2% below its May 12 closing price of DKK984.50

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 28 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.)