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Cable manufacturer sees operational EBITDA increase to €81m Cable manufacturer NKT has reported a modest increase in operational EBITDA for the first quarter of 2025. Operational EBITDA was €81 million for the first three months of 2025, up on the €75m reported in Q1 2024. The increase was driven by higher revenue, the company said. The operational EBITDA margin was 12.9% in Q1 2025, down from the 14.1% reported in Q1 2024. All three business lines – Solutions, Applications, and Service & Accessories – contributed to the increased operational EBITDA, while the decline in the margin was mainly due to natural fluctuations in the project business. Chief executive Claes Westerlind said: “In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of €81m. “We executed on our ongoing investments across production sites and announced the completion of the medium-voltage capacity expansions in Falun and Velke Mezirici. “Additionally, in April we concluded Q1 negotiations and signed a supply agreement with Hydro, strengthening our European value chain and ensuring security of aluminium supply until 2033. “These steps underscore our commitment to business excellence and our strategic focus on supporting the energy transition and enhancing value for both our customers and shareholders.” During the quarter, NKT supplemented its high-voltage order backlog with a number of relatively smaller orders, including variation orders to existing projects. Execution of the high-voltage investment programme progressed as planned during Q1 2025. At the expansion of the site in Karlskrona, Sweden (pictured), several work streams were in intense execution phases and, among others, NKT progressed with work inside the new extrusion tower, construction of surrounding production buildings and installation of machinery. The new production capacity and the new cable-laying vessel, NKT Eleonora, are expected to be operational from 2027. |
