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
Photo: NKT, pressefoto

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 here

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading

Jobs

See all jobs