EnergyWatch

A part of Watch Media

CEO of NKT Cables promises a more stable business

As of yet, there is no certainty as to how great the damage will be at Denmark's NKT Cables in the aftermath of loss-inducing business in China, but the divestment of this division will bring fewer fluctuations and more strength to the European market.

Photo: NKT, pressefoto
BY

Danish cable business NKT delivered a third quarter interim report with signs pointing in different directions. While guidance for the cable company's organic growth in 2016 was downgraded from a negative 5 percent to a negative range of 5-10 percent, faith in the bottom line got a small boost from 9 percent to 9.3 percent in EBITDA.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

  1. UK excludes China from nuclear project, summons ambassador
  2. Carlyle Group said keen to buy big stake in OMV unit
  3. Germany and Qatar sign 15-year LNG supply deal
  4. Nature Energy CEO eyes massive growth under new owner
  5. Shell buys Danish biogas supplier from investor consortium in billion-euro deal
  6. Oil prices rise on outlook to OPEC+ cutting supply
  7. Nord Stream 1's German exit point to reopen from April next year
  8. Vestas nominated preferred supplier for 1.3GW South Korean floating wind
  9. German-Danish TSOs' collaboration on energy island takes step forward
  10. Ship arriving in Rotterdam yesterday documents shifting trend in energy trading
  11. Acciona Energía expands Australian wind farms to 2GW
  12. Danish offshore company sued by former US partner over collapsed wind farm deal
  13. Steep power prices boost Nordic Solar's Q3 revenue
  14. Tory MPs tell exchequer that windfall tax could "destroy" North Sea oil
  15. Germany's energy support package finalized
  16. OX2 divests 145MW Finnish onshore project
  17. SSE Renewables appoints new head of business development
  18. Sweco seeking 80 new staff
  19. Ukrainian energy chief sees signs of imminent Russian retreat from Zaporizhzhia
  20. German labor union tightens pressure on Vestas

See all

Job

See all jobs

See all jobs