EnergyWatch

Denmark's NKT Cables makes gains on top and bottom lines

Cable manufacturer NKT Cables grew during an eventful quarter ahead of the company's intention to split NKT A/S into two listed entities.

Danish cable manufacturer NKT Cables saw increases in the first three months of the year. Revenue in the cable division grew 13.4 percent to EUR 185.2 million, relative to the same period last year, while operational EBITDA rose from EUR 27.2 million to EUR 35.1 million, shows the company's Q1 report Wednesday.

"Q1 2017 was eventful with completion of the acquisition of ABB HV Cables to create one of the leading high-voltage power cables companies in the world. We were satisfied with the first months of ownership and the integration process is on track. The Q1 2017 financial development of NKT was as expected, with a satisfactory increase in revenue and operational EBITDA," says CEO Michael Hedegaard Lyng about the report.

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

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

Further reading

Related articles

Latest News

See all jobs