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
Get full access for you and your coworkers.
Start a free company trial todayMore 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.
KK Wind Solutions ready to "immediately scale" asset purchase from Vestas
With the takeover of Vestas' converter and control systems business, KK Wind Solutions has more than doubled its personnel head count in less than four years.
Vestas books deficit of EUR 147m in Q2
As expected, the Danish OEM struggled through yet another quarter of ongoing supply chain problems dominating the company’s financial results.
Ørsted extends climate ambitions to supply chain
The Danish power company wants all of its suppliers to exclusively utilize renewable energy from 2025.
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.
Chief / Senior Project Manager for Complex Green Gas Projects 
Payroll Accountant 
Legal Manager, Compliance and Regulatory 
Analyst for Denmarks green transition 
A lawyer (chief consultant) is wanted for People & Culture 
Heat pump Consultant and Coordinator 
Financial Analyst 
GMP Compliance Consultant to Eltronic in Ballerup 
HV Specialist for newly created position 
Financial consultant for the district heating area 
Responsible Technical Support Manager for new function in eMobility Delivery in Norlys Energi