Cable manufacturer NKT posted a slight increase in operational earnings for the first quarter of 2025, supported by higher revenue across all business segments, despite a decline in profit margin.
Operational EBITDA rose to €81 million for the quarter, up from €75 million in the same period last year, while the operational EBITDA margin narrowed to 12.9% from 14.1% in Q1 2024. The company attributed the margin dip to normal fluctuations in the project-driven business.
“In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of €81m,” said Chief Executive Claes Westerlind. “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.”
All three of NKT’s business lines—Solutions, Applications, and Service & Accessories—contributed to the growth in operational EBITDA. The company also reported progress in its high-voltage investment programme, particularly at its Karlskrona site in Sweden, where work advanced on a new extrusion tower, production buildings, and machinery installation.
In parallel, NKT supplemented its high-voltage order backlog with several smaller variation orders linked to ongoing projects.
The company also marked a strategic milestone in April by concluding first-quarter negotiations with Hydro, securing a long-term aluminium supply agreement until 2033, aimed at strengthening its European value chain.
NKT said its medium-voltage production capacity expansions at sites in Falun, Sweden, and Velke Mezirici, Czech Republic, have been completed. The new production capacity and NKT’s cable-laying vessel NKT Eleonora are expected to become operational by 2027.
