August 20, 2014 2:56 PM 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 Executive Officer
Age: 56
Chief Financial Officer
Chief Operating Officer
Age: 65
Chief Executive Officer of NKT Holdings A/S and President of NKT Holdings A/S
Age: 50
Corporate Communications Manager
Age: 58
Compensation as of Fiscal Year 2014.

NKT Cables Group A/S Key Developments

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.

NKT Cables Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

NKT cables reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, revenue was DKK 1,661 million compared to DKK 1,467 million a year ago. Operational EBITDA was DKK 103 million compared to DKK 102 million a year ago. EBIT was DKK 25 million compared to DKK 29 million a year ago. Third quarter organic growth was negative, which was influenced by developments in Electricity Infrastructure and Construction. For the nine months, revenue was DKK 4,273 million compared to DKK 3,913 million a year ago. Operational EBITDA was DKK 216 million compared to DKK 187 million a year ago. LBIT was DKK 7 million compared to DKK 25 million a year ago.

NKT Cables Group A/S Announces Audited Earnings Results for the Year Ended December 31, 2012

NKT Cables Group A/S announced audited earnings results for the year ended December 31, 2012. For the year, the company reported revenue of DKK 8,526 million against DKK 9,088 million a year ago. EBITDA was DKK 290 million against DKK 182 million a year ago. LBIT was DKK 2 million against DKK 154 million a year ago. The improved EBITDA was mainly driven by improved profitability of the high- and medium voltage cable projects produced in Cologne. Both the production and project execution stabilized during 2012 and there were no impact by straining one-off costs, as seen in the prior years.

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