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NKT CEO: We will be even more impacted in 2019

"The deal we made with Ørsted for Hornsea 2 will not be seen again. The prices have normalized and things look brighter from 2020," says NKT's interim CEO Roland M. Andersen after a major deficit in 2018.

NKT's CEO Roland M. Andersen says it is too late to save 2019 after a poor 2018, when the Danish cable manufacturer had to present a report to shareholders and investors which revealed a net deficit for the whole group, including NKT Photonics, of EUR 46.3 million against a EUR 3.2 million deficit the year prior.

The result has unleashed cuts of 130 administrative corresponding to eight percent of the total administrative organization.

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