Q3 2025 Nkt A/S Earnings Call Transcript

Nov 19, 2025 / 09:00 AM GMT

Release Date Price: $115.55 (+0.33%)

Transcript

Key Points

Positve

NKT AS (NRKBF) reported a solid financial performance in Q3 2025 with double-digit organic growth across all business lines.
Operational EBITDA reached a record high of €119 million, showcasing improved profitability.
The company secured significant commercial successes, including a firm order for the Bornholm Energy Island interconnector and being selected as the preferred bidder for the Eastern Greenlink 3 interconnector.
Investment projects to expand capacity are progressing according to plan, with new high voltage capacity expected to be operational from 2027.
NKT AS (NRKBF) launched a new strategy, 'Charging Forward,' aiming for continued growth and value creation towards 2030, with ambitious financial targets including an operational EBITDA of more than €900 million by 2030.

Negative

Free cash flow was negative €102 million in Q3, primarily due to changes in working capital and continued investments.
The company anticipates a dilution in group margin due to ramp-up costs associated with new capacity expansions, which may increase into 2026.
There is uncertainty regarding the timing of converting conditional orders into firm orders, which could impact future revenue visibility.
The service division's strong performance in Q3 was partly due to a large offshore repair job, which may not be repeatable in future quarters.
NKT AS (NRKBF) faces risks related to project execution and market conditions, which could impact financial performance towards the end of the year.

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

NKT.CO - NKT A/S
Q3 2025 Nkt A/S Earnings Call
Nov 19, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to NKT Interreport for Q3 2023 presentation.

Today's call is being recorded. For the first part of this call, all participants will be in a listen mode, and afterwards there will be a question-and-answer session.

To ask a question, please press 5 star on your telephone chat.

I would now like to use President and CEO Claes Westerlin and CFO Lee Andrea Fenn. Please begin.

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Unidentified_2 [2]
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Good morning everybody and welcome to this conference call. Following the release of our interim report for the 1st 3 quarters of this year.

My

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