November 23, 2014 7:41 AM ET

Electrical Equipment

Company Overview of NKT Cables Group A/S

Company Overview

NKT Cables Group A/S manufactures and supplies cable products for electricity supply applications. It offers high voltage cables for transmission, medium cables for distribution, and accessories, as well as installation services. The company was incorporated in 1991 and is based in Brondby, Denmark. It has production facilities and sales offices in Denmark, Germany, Poland, the Czech Republic, Norway, and China. NKT Cables Group A/S operates as a subsidiary of NKT Holding A/S.

Vibeholms Alle 25

Brondby,  2605

Denmark

Founded in 1991

Phone:

45 43 48 20 00

Fax:

45 43 43 38 65

Key Executives for NKT Cables Group A/S

Chief Financial Officer
Chief Operating Officer
Age: 65
President of Projects Business
Age: 48
Corporate Communications Manager
Age: 58
Compensation as of Fiscal Year 2014.

NKT Cables Group A/S Key Developments

Nkt Cables Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Full Year 2014

NKT Cables announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue was DKK 2,322 million against DKK 2,456 million a year ago. Operating EBITDA was DKK 134 million against DKK 103 million a year ago. EBITDA was DKK 90 million against DKK 103 million a year ago. EBIT was DKK 20 million against DKK 25 million a year ago. Cash flow used in operating activities was DKK 36 million against cash flow from operating activities of DKK 149 million a year ago. For the nine months, the company reported revenue was DKK 6,583 million against DKK 6,492 million a year ago. Operating EBITDA was DKK 299 million against DKK 216 million a year ago. EBITDA was DKK 98 million against DKK 216 million a year ago. LBIT was DKK 121 million against DKK 7 million a year ago. Cash flow from operating activities was DKK 216 million against cash flow used in operating activities of DKK 415 million a year ago. For the full year 2014, a negative organic growth of up to 5% is now expected against negative of 2-3% previously anticipated. The operational EBITDA margin is still expected to around 7.1%, which is an improvement of 1.5% points on the 6.4% realised in 2013. As in previous years, both revenue and earnings (EBITDA) are exposed to potential customer delays which may impact the percentage of completion of several projects at year-end 2014. The expected impact of the DRIVE programme for full-year 2014 increased by DKK 40 million to DKK 170 million and the 2014 run rate increased to DKK 250 million. At the same time capital expenditure is reduced to DKK 10 million. Entering 2016, the expected overall impact of DRIVE remains at DKK 300 million.

NKT Cables Group A/S Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

NKT Cables Group A/S reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was DKK 2,197 million against DKK 2,237 million a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) were DKK 14 million against DKK 70 million a year ago. Loss before interest and tax (LBIT) were DKK 61 million against DKK 3 million a year ago. Cash flow from operating activities was DKK 5 million against negative cash flow from operating activities of DKK 89 million a year ago. Negative free cash flow was DKK 47 million against DKK 128 million a year ago. For the six months, revenue was DKK 4,261 million against DKK 4,036 million a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) were DKK 8 million against DKK 113 million a year ago. Loss before interest and tax (LBIT) were DKK 141 million against DKK 32 million a year ago. Cash flow from operating activities was DKK 252 million against negative cash flow from operating activities of DKK 564 million a year ago. Negative free cash flow was DKK 155 million against negative free cash flow of DKK 650 million a year ago.

NKT Cables Reports Earnings Results for the First Quarter of 2014

NKT Cables reported earnings results for the first quarter of 2014. For the quarter, the company's revenue was DKK 2,064 million against DKK 1,799 million a year ago. Operational EBITDA was DKK 49 million against DKK 43 million a year ago. LBITDA was DKK 6 million against EBITDA of DKK 43 million a year ago. LBIT was DKK 80 million against DKK 29 million a year ago. Cash flow from operating activities was DKK 247 million against cash flow used operating activities of DKK 474 million a year ago. Free cash flow was DKK 202 million against negative free cash flow of DKK 522 million a year ago.

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