NKT has increased its full-year operational EBITDA guidance after posting the highest quarterly result in its history.
The Denmark-based cable solutions provider now expects 2025 operational EBITDA of about €360m–€390m, up from previous estimates of €330m–€380m. Revenue is forecast at €2.65bn–€2.75bn, compared with an earlier range of €2.37bn–€2.52bn.
The improved outlook reflects continued high activity in Solutions, a boost from the acquisition of SolidAl, and stronger-than-expected performances in Applications and Service & Accessories.
In the second quarter of 2025, operational EBITDA climbed to €105m from €86m a year earlier, while the margin edged up to 14.5% from 14.2%. Revenue at standard metal prices rose 13% year on year to €723m, with growth across all three business lines.
Applications EBITDA rose to €31m from €21m, helped by increased medium-voltage production capacity, while Service & Accessories surged to €14m from €5m on higher accessories sales. Solutions EBITDA dipped slightly to €66m from €67m.
At the end of June, the high-voltage order backlog stood at €10.1bn (€8.9bn in standard metal prices), down from €10.7bn at the end of Q1.
Free cash flow was negative €175m in the quarter, reflecting major investment programmes including the Karlskrona site expansion and construction of the cable-laying vessel NKT Eleonora, both due to be operational from 2027.
NKT also separately announced that chief financial officer Line Andrea Fandrup will leave the company by April 2026 after five years in the role.
Chair Jens Due Olsen said she had played a “central position” in executing the group’s growth strategy and transformation into a “pure-play power cable solutions provider with a strong financial performance.”
President and CEO Claes Westerlind added: “Line has been a central member of our Group Leadership Team for the past five years contributing to the positive development of the company and I look forward to continuing the collaboration over the coming months.”
A search for her successor will begin shortly.