EnergyWatch

NKT moves 1kV cable production to Czech Republic

The Danish cable company's medium and low-voltage cable business delivered lackluster margins last year. There's been some improvement for NKT so far this year despite challenged markets Britain and Eastern Europe.

Archive photo of NKT's factory in Odsherred, Denmark. Photo: Lærke Posselt

The message was clear when NKT presented its financials last year.

Despite the fact that market trends pointed to a booming market for medium and low-voltage cables, the company's Applications unit presented an almost non-existent operating margin. From a revenue post of EUR 389 million, earnings before interest, taxes, depreciations and amortizations totaled to merely EUR 300,000.

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