NKT Cables projects revenue in market prices in 2017 of EUR 1.4 billion and operational EBITDA of around EUR 140 million, according to an update of the cable manufacturer's guidance after the takeover of ABB HV Cables.
The company previously projected an operational EBITDA margin of around 9.5 percent, or approximately EUR 70 million, but this has now gone up as a result of the acquisition. However, the underlying premise for organic growth is 0-5 percent for the rest of NKT Cables.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Junior Analyst for Power Solutions 
Head of Secretariat - The Indo-Danish Centre of Excellence for Offshore Wind and Renewable Energy 
Strategic project manager for the green transition 
Director of technological development and projects in gas transmission 
IT project manager for digital transformation in the middle of the green transition 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Strategic Business Development Consultant 
Engineer or physicist with an interest in energy, international work, supervision and regulation 
Senior Expertise Director, Green fuels and PtX 
Project assistant 
We are looking for project managers who will help shape the green transition and develop the business area "Sustainable Energy" 
Industry specialist and architect - Energy & Utility 
Marine Sales Executive - Performance Coatings