NKT A/S

Equities

NKT

DK0010287663

Electrical Components & Equipment

Real-time Estimate Cboe Europe Other stock markets 10:53:47 2026-04-17 am EDT			5-day change	1st Jan Change
939.50 ^DKK	-0.69%		+1.35%	+17.91%

Apr. 15	Alfred Berg Gambak Nordic down 1.92 percent in March - buoyed by energy overweight	FW
Apr. 13	Barclays raises NKT price target to DKK 807 (800), reiterates Equal-weight - BN	FW

NKT Receives Contract from National Grid Electricity Transmission and SSEN Transmission for HVDC Power Cable System Valued At Eur 2,200 Million

Published on 03/04/2026 at 06:52 am EST

S&P Capital IQ

NKT A/S

-0.66%

NKT has now signed a firm contract for the HVDC power cable system for Eastern Green Link 3 with a joint venture between the UK grid owners National Grid and SSEN Transmission. With a value of more than EUR 2,200 million, the EGL3 order is the largest contract for a single cable project in NKT's history, and it has now been added to the high-voltage order backlog. The project comprises a turnkey scope to design, manufacture, and install a 525 kV HVDC power cable system with a route length of around 680 km, including both onshore and offshore cable sections.

EGL3 will play a central role in ensuring an affordable, reliable and clean power supply in the UK by removing bottlenecks in the transmission grid. EGL3 is the largest electricity transmission investment of its kind ever in the UK and will play a crucial role in strengthening grid resilience and efficiency. The 525kV HVDC link will enable efficient transmission of renewable energy from the North of Scotland to demand centres in the South.

This will ensure the delivery of affordable, reliable and clean power for up to 2 million homes and businesses across the UK. For the two transmission owners behind the joint venture, the firm contract on EGL3 is an important step in realising the ambitions to strengthen the energy system in the UK. EGL3 is a vital investment in the UK's future energy system.

By securing the power cable contract, they are taking a decisive step towards strengthening the electricity network so more clean, homegrown power can flow from where it is generated to where it is needed most. This project will play a key role in cutting constraint costs, supporting consumer affordability and delivering long-term economic benefits, while building the resilient infrastructure required to meet the UK's energy security and clean power ambitions. Key facts: Customer: Joint venture between National Grid Electricity Transmission and SSEN Transmission.

Contract value: More than EUR 2,200 million (more than EUR 1,700 million in standard metal prices). Capacity: Up to 2 GW. Project scope: Cable design, engineering, production, and installation both on- and offshore.

Route length approximately 680 km of 525 kV on- and offshore HVDC power cables. Schedule: Expected commissioning at the end of 2033.

Latest news about NKT A/S

Apr. 15	Alfred Berg Gambak Nordic down 1.92 percent in March - buoyed by energy overweight	FW
Apr. 13	Barclays raises NKT price target to DKK 807 (800), reiterates Equal-weight - BN	FW
Mar. 27	DNB Carnegie raises NKT price target to DKK 1,050 (990), reiterates Buy	FW
Mar. 25	NKT A/S Announces Board Appointments	CI
Mar. 25	Logistea completes acquisition of Karlskrona property in previously announced deal	FW
Mar. 25	Logistea AB Closes Acquisition of Property in Karlskrona with NKT as Largest Tenant	CI
Mar. 23	NKT to Redeem EUR150 Million Subordinated Securities	MT
Mar. 20	NKT A/S Announces Redemption Of EUR 150,000 Million Callable Subordinated Capital Securities On April 20, 2026	CI
Mar. 16	NKT Accepts All EUR127.6 Million Tendered in Offer for Hybrid Securities	MT
Mar. 16	NKT A/S Announces Results Of Tender Offer For EUR 150 Million Callable Subordinated Capital Securities	CI
Mar. 13	NKT Prices EUR150 Million Green Securities	MT
Mar. 12	NKT A/S Successfully Issues Green Hybrid Securities	CI
Mar. 12	Berenberg raises price target for NKT to DKK 825 (745), reiterates Hold - BN	FW
Mar. 10	NKT Receives, to Dispute Findings in Czech Competition Watchdog's Antitrust Probe	MT
Mar. 10	NKT gets statement of objections from Office for Protection of Competition in Czech Republic	RE

Chart NKT A/S

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NKT: Dynamic Chart

Company Profile

NKT A/S specializes in the manufacture and marketing of electrical cables for onshore and offshore installations. Net sales break down by activity as follows: - sale of high voltage power cables (54.2%): for onshore and offshore installations; - sale of medium and low voltage power cables and building wires (39.7%); - sale of services and accessories (6.1%). At the end of 2025, the group had 13 production sites worldwide. Net sales are distributed geographically as follows: Denmark (3.5%), Germany (28.6%), the United Kingdom (17.6%), the United States (9.9%), Poland (8.1%), France (5.7%), Sweden (4.8%), Norway (4.6%), the Netherlands (2.5%), Czech Republic (2%), Portugal (0.4%) and other (12.3%).

Employees

6,201

Sector

Electrical Components & Equipment

Calendar

May. 13 - Earnings release - Q1 2026

More about the company