NKT Holding Stock: Soars on Record Earnings and Upgraded Outlook

Danish cable manufacturer NKT Holding stunned investors with a 9.1% stock surge to 548 Danish kroner after reporting a record Q2 EBITDA of €105 million, up 22% year-over-year. Revenue climbed 13% organically to €723 million, driven by strong performance across all divisions—particularly High Voltage Solutions (€450 million, +18%) and Applications (€234 million, +11%). The company raised its full-year revenue forecast to €2.65–2.75 billion (from €2.37–2.52 billion) and EBITDA guidance to €360–390 million, buoyed by a €10.1 billion order backlog in high-voltage projects.

Leadership Transition Amid Growth Spurt

While celebrating its best-ever quarterly results, NKT announced the impending departure of its long-serving CFO, who spearheaded the firm’s strategic shift to pure-play cable specialization. Despite a negative free cash flow of -€175 million due to capacity expansions, the company maintains robust financial health with net debt of -€757 million. Analysts note the stock’s recovery from a 52-week low of 395.20 kroner but see room to reclaim its peak of 674 kroner.