NKT stands by its Karlskrona factory
NKT's tough years in 2018 and 2019 can be traced back to its factory in Karlskrona, which hasn't been running at full steam since 2017. Toward the end of what NKT calls its "bottom year", things could lighten up with a diverse order book able to fire the flames under the Swedish plant's cauldrons.
NKT's slump began in late 2018 with a big earnings forecast downgrade and the dismissal of chief executive Michael Hedegaard Lyng. Here, the company booked a downward adjustment of its expected earnings before interest, taxes, depreciations and amortizations from EUR 90-110 million to EUR 70 million.
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