Denmark · Delayed Price · Currency is DKK NKT A/S Earnings Call Transcripts
Fiscal Year 2025
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Delivered record-high revenue and EBITDA in 2025 with 6% organic growth, strong order backlog, and major capacity expansions progressing on track. 2026 guidance anticipates stable Applications growth, a slight decline in Solutions, and continued high investment levels.
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Q3 2025 saw 13% organic growth and record operational EBITDA, with strong performance across all business lines and major commercial wins. The new 'Charging Forward' strategy sets ambitious 2030 targets, while ongoing investments and a robust order backlog support long-term growth.
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Double-digit organic growth and record Operational EBITDA marked Q2 2025, driven by strong performance across all business lines and successful capacity expansions. Upgraded 2025 guidance reflects higher revenue and EBITDA expectations, with robust backlog and investments supporting future growth.
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Q1 2025 saw 11% organic revenue growth and operational EBITDA of EUR 81 million, with all business lines contributing. High-voltage backlog remains strong at EUR 10.7 billion, and major capacity expansions are on track. 2025 guidance is unchanged, with continued investment and subdued construction markets.
Fiscal Year 2024
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Achieved 26% organic growth and record EBITDA in 2024, driven by Solutions and strategic investments. Outlook for 2025 is stable with high CapEx, while medium-term ambitions target strong revenue and profitability growth.
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Financial ambitions for 2028 have been raised, with organic revenue CAGR now above 14% and operational EBITDA above €700 million. Major investments, including a €2 billion CapEx program and a €300 million increase for the Karlskrona factory, support growth, with full benefits expected beyond 2028.
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Q3 delivered record operational EBITDA and 25% organic growth, driven by Solutions and successful SolidAl integration. High-voltage order backlog remains strong, with robust market demand and major investments ongoing. 2024 guidance is maintained at the upper end of the range.
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Q2 2024 saw double-digit revenue and EBITDA growth, record margins, and strong free cash flow, supported by robust Solutions and Applications performance. Strategic moves included the Photonics divestment and Solidal acquisition, with guidance raised for both revenue and EBITDA.
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The acquisition of Solidal expands manufacturing capacity and market reach in Europe, with EUR 7 million in expected synergies by 2026 and a EUR 50 million site expansion planned. The deal is margin accretive, supports a ROCE above 20% by 2027, and strengthens the platform for future growth.