NKT A/S (NKT) Earnings Call Transcripts

NKT A/S's Latest Earnings Call - Q1 FY2026

NKT A/S reported solid results for Q1 2026, with a revenue of EUR 610 million at standard metal prices, reflecting a decline of 4% year-over-year, primarily due to the ramp down of the Champlain Hudson Power Express project. However, operational EBITDA increased to EUR 97 million, up from EUR 81 million in the same quarter last year, leading to an improved EBITDA margin of 16%. Management maintained its guidance for full-year 2026, expecting revenue between EUR 2.63 billion and EUR 2.78 billion and operational EBITDA between EUR 360 million and EUR 410 million, indicating confidence in ongoing projects despite current challenges.

Reported metrics

Guidance from management

Management maintained its financial outlook for 2026, expecting revenue at standard metal prices to be between EUR 2.63 billion and EUR 2.78 billion and operational EBITDA between EUR 360 million and EUR 410 million, indicating confidence in project execution despite anticipated challenges.

What management said

I don't think we can be so much more specific. But as Michael said, I mean, the majority of the project relates to that time period. But it is also clear, and as we have said, it's not only a constant pricing, '20 to '22 and then a totally different pricing from '23 and onwards. It is a gradual change also over time. And as I think you've heard us say, there is also a gradual improvement in the product mix. It goes a...

I think we can see it to a certain extent also in the period to come because both Q2 and Q3 will for the transmission business line had a tough comparison period. And by that, I think we will see exactly what you're out there for a little bit. But following that, then, of course, then it has phased out. So the year-on-year comparison will then be excluding the Champlain project.

What analysts pressed on

Analysts expressed concerns about potential cost increases and their impact on margins, particularly in the distribution business line. There were also questions regarding the sustainability of revenue levels amid the ramp down of the Champlain project and the competitive landscape in transmission markets.

Main topics on the call

• Record Order Backlog — NKT achieved a record order backlog of EUR 13.5 billion, driven by significant projects like Eastern Greenlink 3 and SSEN projects in Scotland. CEO Claes Westerlind stated, "This provides extended visibility for the comi...
• Operational EBITDA Growth — Operational EBITDA rose to EUR 97 million, reflecting improved profitability across all business lines despite a revenue decline. The margin improved from 12.9% to 16%, showcasing effective cost management and operationa...
• Revenue Decline — Revenue at standard metal prices decreased from EUR 630 million to EUR 610 million, primarily due to the Champlain Hudson Power Express project ramp down. Management noted that this decline was "fully expected" and linke...
• Capacity Expansion Progress — NKT's capacity expansion projects are on track, with high voltage capacity expected to be operational by 2027. The medium voltage capacity in distribution is set to come online during 2026, supporting future growth.

Read the full NKT A/S transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 NKT A/S earnings call transcripts on record, spanning February 26, 2020 to May 13, 2026. Based on this history, NKT A/S reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NKT

Exchange

CPSE

Country

DK

Sector

Industrials

Industry

Electrical Equipment

Calls on record

30

First call

February 26, 2020

Most recent

May 13, 2026

Reporting cadence

quarterly