Nov 19, 2020 / 10:00AM GMT
Alexander Kara - NKT A/S-President&CEO
Yes. Good morning, everybody. I just got introduced and I'm the CEO of NKT A/S. Thanks that you take the time to listen to our update on the rights issue. And I have here in the room with me our CFO, Line Andrea Fandrup; and also Michael Nielsen, Head of Investor Relations and Treasury.
So just going to an overview on the road map of NKT and recent development over the last years. If we look back between 2016 and 2017, there were one key milestone where NKT acquired ABB High Voltage Cables, which -- and with this acquisition, they have acquired also the technology of the DC cables, which is today key for the growth in the renewable market. Further there were 2 acquisition on Photonics. Also in this year, 2017, we had the demerger of Nilfisk and so that the company could focus on power cables and Photonics. And there are some smaller divestments in certain areas.
From 2017 to 2018, there were some challenging market conditions. Projects have been postponed and not awarded, and as a consequence,
NKT A/S to Discuss the Equity Increase with Preemptive Rights Call Transcript
Nov 19, 2020
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