The share price of Danish cable manufacturer NKT is rising sharply on Friday morning after the company announced on Thursday evening that it is raising its expectations for the year. NKT shares are up 9.5 percent after ten minutes of trading on the Copenhagen Stock Exchange.
The company was supposed to present its half-year financial results on Friday morning, but the results were released on Thursday evening. In this regard, the cable manufacturer raised its expectations for 2025, which now amounts to revenue in the range of 2.65 and 2.75 billion euros and an operating profit of between 360 and 390 million euros.
Previously, NKT expected revenue of 2.37 and 2.52 billion euros and an operating profit in the range of 330 and 380 million euros.
"Based on the financial performance in the first half of 2025 and the expectations for the rest of the year, the expectations for the full year have been updated," NKT writes in the financial statements.
Looking at the second quarter, the company also performed better than analysts had expected. Revenue for the period ended at 723 million euros, while analysts had expected revenue of 647 million euros, according to the media outlet MarketWire.
At the same time, NKT had organic revenue growth of 13 percent.
- In the second quarter of 2025, NKT continued its positive financial development with double-digit revenue growth and the highest operating profit ever, says CEO Claes Westerlind in the accounts.
The operating profit ended at 105 million euros in the second quarter. The year before, the result was 86 million euros.
- We are satisfied with this development and performance, while we continue to meet our commitments to customers and promote our major expansion, says Claes Westerlind.
NKT is one of the largest listed companies in Denmark with more than 5,000 employees. The company was founded in 1891, and its business includes producing energy cables for, for example, wind farms and the construction industry.
/ritzau/
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