Search results for: nkt

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  • 19 March 2019
    Business & Finance

    NKT has appointed Alexander Kara as president and CEO of NKT and NKT A/S. Alexander Kara, an internationally experienced executive in the power distribution industry, joins NKT on August 01, 2019. Alexander Kara joins NKT from ABB and a position of senior vice president, HUB Business Unit manager CSE, High Voltage Products with responsibility for […]

  • 21 September 2016
    Business & Finance, Storage, Technology

    NKT has decided to split the Holding company into two separately listed companies, with the timing of this decision being linked to NKT Cables’ acquisition of ABB’s high-voltage cables business. NKT is the active and long-term owner of three industrial businesses including Nilfisk, NKT Cables, and NKT Photonics. With the acquisition of ABB’s high voltage […]

  • 30 May 2017

    NKT ‘s new cable laying vessel – NKT Victoria – has won the Ship of the Year 2017 prize at the NorShipping exhibition in Lillestrøm, Norway.

  • 15 November 2017
    Business & Finance, Project & Tenders

    The high-voltage activities acquired from ABB have driven an increase in NKT’s Q3 2017 revenue, which was at EUR 303.2 million, EUR 106.9 million more than in Q3 2016. Looking at the first nine months, NKT posted a revenue of EUR 776.5 million, compared with EUR 559.7 million reported for the same period in 2016.

  • 3 February 2012
    Business & Finance, Research & Development

    Further to the announcement dated September 20, 2011, the Boards of NKT Holding A/S and Subsea 7 S.A. have completed their review of strategic alternatives for the future development of NKT Flexibles which has been operated as a joint venture between NKT Holding A/S (51%) and Subsea 7 S.A. (49%) since 1999. Since the announcement […]

  • 30 May 2017

    NKT ‘s new cable laying vessel – NKT Victoria – has won the Ship of the Year 2017 prize at the NorShipping exhibition in Lillestrøm, Norway.

  • 4 May 2017

    NKT has held a naming ceremony for NKT Victoria, the company’s new cable-laying vessel which was part of the recently completed acquisition of ABB’s high voltage cable business, at its power cable plant in Karlskrona, Sweden.

  • 29 May 2020
    Business & Finance, Equipment, Technology

    Cabling specialist NKT has appointed Line Andrea Fandrup, executive vice president, chief financial officer (CFO). She joins NKT no later than 1 November 2020. Line Andrea Fandrup joins NKT from Rockwool as Group finance vice president with insights to finance, treasury and investor relations. Prior to that, she has held finance positions with Danish based […]

  • 5 March 2012
    Business & Finance

    NKT’s revenue increased by 1,153 mDKK to 15,604 mDKK – the highest level in the history of NKT. Nilfisk-Advance and Photonics Group realised organic growth in revenue of 8% and 16% respectively, surpassing even the 2010 growth rates,  while NKT Cables exceeded last year’s organic growth in revenue by only 1%. The operational EBITDA for […]

  • 4 May 2017

    NKT has held a naming ceremony for NKT Victoria, the company’s new cable-laying vessel which was part of the recently completed acquisition of ABB’s high voltage cable business, at its power cable plant in Karlskrona, Sweden.

  • 21 September 2016
    Business & Finance, Storage, Technology

    NKT has decided to split the Holding company into two separately listed companies, with the timing of this decision being linked to NKT Cables’ acquisition of ABB’s high-voltage cables business. NKT is the active and long-term owner of three industrial businesses including Nilfisk, NKT Cables, and NKT Photonics. With the acquisition of ABB’s high voltage […]

  • 1 December 2017
    Business & Finance, Equipment, Operations & Maintenance

    NKT has repaired the Skagerrak 2 cable system between Norway and Denmark. The interconnector Skagerrak 2 between Kristiansand in Norway and Tjele in Denmark was damaged in end-July due to external impact. NKT was awarded the turnkey service repair order of the 250 kV mass impregnated high-voltage direct current (HVDC) offshore cable from the Norwegian […]

  • 4 September 2018
    Storage

    NKT has commissioned the high-voltage cable system on the 659MW Walney Extension offshore wind farm in the Irish Sea.

  • 31 October 2017
    Business & Finance, Project & Tenders, Storage

    NKT’s part of the contract for Borssele Beta, won in a consortium with VBMS, is valued at approximately EUR 90 million. As reported earlier, the contract value for VBMS is approximately EUR 70 million.

  • 4 May 2017

    NKT has held a naming ceremony for its new cable-laying vessel, the NKT Victoria, at the power cable plant in Karlskrona, Sweden on Thursday. The cable-laying vessel was delivered by Norwegian shipbuilder Kleven to NKT in April. NKT Victoria is capable of laying high-voltage offshore cables with high precision based on DP3 (Dynamic Positioning) capability […]

  • 23 June 2020
    Environment, Equipment, Transition

    Cabling specialist NKT is now powering its power cable manufacturing with electricity from renewable energy. This is reducing its CO2-emissions from energy consumption by 66 per cent. For NKT, the move to green electricity is a step in supporting the global transition to renewables by reducing the carbon footprint of its power cable solutions. Alexander […]

  • 18 May 2018
    Business & Finance, Operations & Maintenance

    NKT has marked the one-year anniversary of its cable-laying vessel NKT Victoria after a busy first year at sea. The 140-meter vessel, with cable capacity of 9,000 tonnes on two turntables, has installed 335 kilometers of cables for offshore wind and interconnector projects in countries such as Denmark, Belgium and the UK. “NKT Victoria introduced […]

  • 15 November 2011
    Business & Finance, Operations & Maintenance, Research & Development

    NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For NKT Cables, the factory in Cologne showed improved productivity but continued to impact earnings negatively. 3rd quarter 2011 compared with 3rd quarter 2010 • Revenue was 3,912 […]

  • 11 June 2020
    Equipment, Infrastructure, Operations & Maintenance

    NKT has wrapped up a turnkey offshore repair of the Baltic Cable connecting the power grids in Sweden and Germany. The 250-kilometre interconnector suffered an anchor damage during the last days of April. The power cable was restored within 29 days from the initial fault notification and is now back in full operation. NKT mobilized […]

  • 21 November 2018
    Business & Finance, Equipment

    Denmark-based subsea cables specialist NKT has appointed Roland M. Andersen as interim CEO. Effective November 16, Andersen replaced Michael Hedegaard Lyng who stepped down from NKT CEO position. Chairman of the board of directors, Jens Due Olsen, says: “I would like to thank Michael Hedegaard Lyng for his commitment to NKT since he joined the company […]

  • 23 August 2019
    Business & Finance, Equipment, Project & Tenders

    NKT had received the award by Energinet and National Grid to supply a onshore cable system for Viking Link interconnector project, connecting the Danish and British power transmission grids. The deal will see NKT deliver approximately 150 kilometers of 525 kV MI high-voltage DC onshore power cables. NKT and the project owners have now signed […]

  • 23 August 2011
    Business & Finance, Operations & Maintenance

      nkt cables has announced half-year 2011 results .  EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build submarine and high voltage cable factory […]