Q1 2026 Nkt A/S Earnings Call Transcript

May 13, 2026 / 08:00 AM GMT

Release Date Price: kr1053 (+6.39%)

Transcript

Key Points

Positve

NKT AS (NRKBF) reported a record order backlog of EUR 13.5 billion, providing extended visibility for future projects.
The company secured a historically strong order intake of over EUR 4.2 billion, driven by major projects like Eastern Green Link 3.
Operational EBITDA improved to EUR 97 million, with margins increasing from 12.9% to 16%.
The new business line structure is operational, supporting the Charging Forward strategy and enhancing customer engagement.
Capacity expansion projects are progressing as planned, with high voltage capacity expected to be operational by 2027.

Negative

Revenue at standard metal prices declined by 4% due to the ramp-down of the Champlain-Hudson Power Express project.
Free cash flow was negative EUR 92 million, impacted by high investment levels.
The transmission business line experienced negative organic growth due to project ramp-downs.
There is an expectation of cost increases in the coming quarters, particularly in the distribution business line.
Return on capital employed decreased to 22% from 24% due to ongoing investment programs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NKT.CO - NKT A/S
Q1 2026 Nkt A/S Earnings Call
May 13, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to MKT Financial Presentation for the first quarter of 2026.

For the first part of this call, all participants will be in a listen-only mode.

Afterwards, there will be a question-and-answer session.

To ask a question, please press. Five star on your telephone keypad.

I will now hand the call to your speaker, President and CEO, Claes Westerlind, and CFO, Michael Young. Please begin.

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Unidentified_2 [2]
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Good morning, and welcome to this conference call following the release of our interim report for the first quarter of 2026. I'm Claes

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