NKT stock presents new 2026 investment priorities at Investor Day

Published on 09/29/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NKT stock enters its Investor Day with a DKK 13.0 billion transmission backlog. Q2 revenue fell 9.00 percent, while operational EBITDA held at EUR 104 million.

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NKT (ISIN DK0010287663) was trading at EUR 117.55 at Lang & Schwarz on September 29, 2026, at 12:06 p.m. CEST. The cable maker used its Investor Day to reaffirm its Charging Forward strategy, capital allocation priorities and 2026 financial outlook, according to Yahoo Finance on September 29, 2026.

Investor Day protects the growth plan

NKT said its EUR 2.0 billion investment program remains central to expanding high-voltage cable capacity. The Karlskrona expansion is now expected to enter commercial operation in Q2 2027, supporting the company's transmission order backlog and its 2030 ambitions, Yahoo Finance reported.

The company also set out a minimum annual distribution of 20.00 percent of adjusted net profit, alongside investment spending, balance-sheet strength and potential share buybacks or extraordinary dividends. The 2026 outlook remains revenue of EUR 2.65 billion to EUR 2.75 billion and operational EBITDA of EUR 400 million to EUR 430 million.

Q2 margin improves as revenue falls

NKT's second-quarter revenue at standard metal prices fell to EUR 657 million from EUR 723 million in Q2 2025, a 9.00 percent decline. Operational EBITDA remained EUR 104 million versus EUR 105 million, while the operational EBITDA margin improved to 15.70 percent from 14.50 percent, according to Yahoo Finance in the Q2 2026 earnings transcript.

The transmission order backlog stood at EUR 13.0 billion at the end of Q2 2026, down from EUR 13.5 billion at the end of Q1 2026. The contrast between lower quarterly revenue and stable EBITDA puts project execution and mix at the center of the investment case.

Analyst target remains above the stock

DNB Carnegie raised its NKT price target to DKK 1,135.00 from DKK 1,090.00 and reiterated Buy on September 1, 2026, according to MarketScreener. The target is a separate DKK reference from the Lang & Schwarz euro quote and reflects the analyst view rather than a forecast made here.

Price remains an intraday reference

NKT stock was trading at EUR 117.55 at Lang & Schwarz on September 29, 2026, at 12:06 p.m. CEST. The primary Nasdaq Copenhagen quote stood at DKK 878.50 at 12:06 p.m. CEST, while the 52-week range was DKK 613.00 to DKK 1,135.00 and market capitalization was DKK 47.0 billion, all as of September 29, 2026.