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Active ownership

- our key to growth and value creation

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Urbanisation

- a megatrend with high NKT business potential

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Nilfisk-Advance

global provider of professional cleaning equipment

NKT Cables

front-line supplier of power cables

Photonics Group

supplier of high-quality photonic products

Who we are

NKT is a modern industrial conglomerate with businesses specialising in professional cleaning equipment, power cables and high-tech photonic products 

Our mission is to create value by exercising long-term and active ownership in businesses where NKT is best owner.

We identify promising businesses which we develop over time by means of active ownership to become profitable global players. In this way we realise strong value creation for the benefit of our shareholders.

The NKT Group consists of three businesses: Nilfisk-Advance, NKT Cables and Photonics Group. We are present in more than 100 countries worldwide and employ some 8,900 people.

NKT is listed on the Nasdaq Copenhagen stock exchange.

Learn more about us

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Business Units

Nilfisk-Advance

NKT Cables

Photonics Group

Profile

Nilfisk-Advance is one of the world’s leading manufacturers of professional cleaning equipment to commercial and industrial customers across the world. One product programme is marketed to private consumers.

Vision and mission 

We enable sustainable cleaning worldwide to improve quality of life

Nilfisk-Advance has assembly facilities in Europe, China and the Americas. The company has own sales entities in 45 countries around the world, and with a network of distributors covering an additional 70 countries Nilfisk-Advance products are sold in far more than 100 countries. The company employs 5,300 people (end 2013). 

To learn more read the Nilfisk-Advance corporate profile brochure 

 

Asia Training Center & Showroom, Shanghai

Household vacuum cleaner

Professional floorcare equipment: The SC1500

Outdoor compact utility machine: City Ranger 2250

Award-winning wet & dry professional vacuum cleaner VL500

High pressure washers for professional use

Click on picture to enlarge

The Nilfisk-Advance Group Management team:

  • CEO, Jonas Persson

  • Executive Vice President EMEA & Latin America Sales, Anders Terkildsen

  • Executive Vice President Global Operations, Lars Gjødsbøl

  • Executive Vice President & CFO, Morten Johansen

Jonas Persson

Anders Terkildsen

Lars Gjødsbøl

Morten Johansen

Click on picture to enlarge

5-year financial highlights 

Amounts in mDKK 2013 2012 2011 2010 2009
Income statement          
Revenue 6,561 6,491 6,307 5,747 5,138
Operational EBITDA 778 775 732 612 469
EBITDA 778 745 699 526 318
Depreciation and amortisation -213 -221 -202 -177 -177
Impairment 0 -7 -7 -10 0
EBIT 564 517 490 339 141
Cash flow          
Cash flow from operating activities 500 666 351 210 460
Cash flow from investing activities -218 -237 -390 -202 -165
Free cash flow 282 429 -39 8 295
Balance sheet          
Capital employed 3,074 3,073 3,232 2,898 2,580
Working capital 1,073 1,039 1,216 1,074 852
Financial ratios and employees          
Gross margin 40.9% 42.0% 41.8% 42.0% 41.0%
Overhead ratio 31.8% 32.8% 33.0% 34% 34.8%
Operational EBITDA margin 11.9% 11.9% 11.6% 10.7% 9.1%
Organic growth 3% 0% 8% 7% -13%
Return on capital employed (RoCE) 17.5% 17.1% 17.1% 15.1% 10.9%
Number of employees, year-end 5,321 5,224 5,345 4,894 4,779
Cash conversion 64% 86% 48% 34% 98%

Segments

Nilfisk-Advance has the broadest product portfolio in its industry, comprising:

  • Floorcare equipment: Sweepers, scrubbers, dryers, polishers, sanders and carpet cleaners
  • Vacuum cleaners for both wet and dry use 
  • High pressure washers 
  • Outdoor equipment: Sweepers, mowers, snow clearers, etc.

Sales By Product

Sales By Geography

 

Sales By Customers

 

 Data from the NKT 2013 Annual Report

Strategy

Nilfisk-Advance's strategy is to become Customers’ Preferred Choice by 2015  

Market and financial targets

  • 6% average annual organic growth incl. M&A growth over an economic cycle
  • Increased operational EBITDA margin (2013: 11.9%)
  • Increased return on capital employed (RoCE) (2013: 17.5%)

As part of realising the strategy, the company has identified five overall focus areas titled ‘Must Win Battles’:

  1. Develop best customer satisfaction
  2. Meet customers' delivery expectations
  3. Secure leadership in key emerging markets
  4. Develop strong culture and excellent leadership skills
  5. Reduce complexity

To learn more about Nilfisk-Advance's strategy visit the
NKT 2013 Annual Report page 17

Strategicdirection

Careers

At Nilfisk-Advance we continuously strive to develop both our company and our people.

Our people are one of our core assets and their development is therefore a key focus area and goes hand in hand with that of our company.

A an employee at Nilfisk-Advance you will have the freedom to influence and shape your own area of work. In return, we expect high performance.

We make sure you receive plenty of development opportunities, which may potentially include an international career.  

www.nilfisk-advance.com/en/Careers/Pages/default.aspx

People 

Profile

NKT Cables designs, manufactures and markets power cables for low, medium and high voltage solutions primarily in Europe and China.

NKT Cables has production facilities in Europe and China as well as sales offices around the world. The company employs some 3,560 people (end 2013).

 

Vision

NKT Cables is creating value for its customers by providing solutions with cables

QADDY installation

Special cables

Building wires

Beijing Tianjin Railway project

Submarine cables turntable

High voltage key projects

Click on picture to enlarge

The NKT Cables Group Management team:
  

  • CEO, Marc van't Noordende

  • CFO, Henrik Bøggild

  • President BU Projects, Detlev Waimann

  • President BU Products,  Peter Becker

Marc van't Noordende

Henrik Bøggild

Detlev Waimann

Peter Becker

Click on picture to enlarge

5-year financial highlights

Amounts in mDKK 2013 2012 2011 2010 2009
Income statement          
Revenue 8,983 8,526 9,088 8,520 6,383
Revenue in std. metal prices 6,017 5,421 5,635 5,547 4,646
Operational EBITDA 335 290 182 329 373
EBITDA 372 290 182 329 373
Depreciation and amortisation -299 -292 -276 -221 -175
Impairments -58 0 -61 0 0
EBIT 15 -2 -154 108 197
Cash flow          
Cash flow from operating activities -67 361 233 -528 163
Cash flow from investing activities, excl. acquisitions -215 -268 -369 -702 -861
Free cash flow -282 93 -136 -1,230 -698
Balance sheet          
Capital employed 4,557 4,346 4,470 4,701 3,313
Working capital 1,681 1,282 1,452 1,856 1,089
Financial ratios and employees          
Gross margin 37.7% 37.3% 34.4% 35.7% 40.2%
Overhead ratio 33.5% 33.0% 32.4% 31.1% 33.0%
Operational EBITDA margin (std. metal prices) 5.6% 5.3% 3.2% 5.9% 8,0%
Organic growth 4% -4% 1% 16% -7%
Return on capital employed (RoCE)  0.8% 0.0% neg. 2.6% 6.9%
Number of employees, year-end 3,560 3,395 3,503 3,490 3,127
Cash conversion  -20% 124% 128% -160% 44%

Segments

NKT Cables' operations are split in three business units:

  • BU Projects: On- and offshore high voltage power cables and accessories
  • BU Products: Low and medium voltage power cables and accessories, building wires, car wires and railway catenary wires in Europe 
  • BU APAC: Medium and high voltage power cables and  accessories as well as Railway

Sales by Business Unit

Sales By Geography

Sales by Customers

Data from the NKT 2013 Annual Report

Strategy

NKT Cables' strategy is to further position the company to exploit opportunities involving power cable solutions with high technology and know-how.

Strategic financial targets

  • Improved profit
  • A return on capital employed (RoCE) in line with the overall target for the NKT Group, defined as around 15-20%   

In accordance with this strategy, substantial investments have been made in capacity, production flexibility, organisational structure, type approvals and market expansion pertaining to:

  • Submarine cables for offshore wind farms (Europe)     
  • High voltage cables for upgrade of transmission grids (Europe, China and Australia)
  • Catenary wires for expansion of high speed rail network (China)

To learn more about NKT Cables' strategy visit the NKT 2013 Annual Report page 27

Our ambition is to create a competitive advantage for our business that is based, above all, on the qualities and abilities of the people that we employ. To fulfil that ambition we need a highly-skilled, dedicated and creative workforce, with competencies and expertise across a broad range of areas.

Therefore, we are constantly looking for talented new employees in several fields, including engineering, industrial production, administration and sales. We offer a variety of career possibilities in a fast-paced, international business context, with many opportunities for gaining broad experience and rapid personal development.  

Our company headquarters are in Cologne, Germany. We also have facilities in Denmark, Sweden, Poland, Czech Republic, and China. Our sales and service forces are located and operate from locations around the globe.

If you wish to discover more about the career and job opportunities in NKT Cables, or wish to send an unsolicited application, please go to www.nktcables.com/about-us/career.

QADDY 2

Profile

Photonics Group supplies high quality photonic products ranging from fibers and lasers to systems and optical process equipment. The products are sold to a broad spectrum of industries, including life sciences, infrastructure and oil and gas

Photonics Group consists of three companies: NKT Photonics, based in Denmark, Lios Technology in Germany, and Vytran in the US. Sales are effected both directly and through distributors.

Photonics Group employs some 200 people (end 2013).           

Vision   

To lead the way in transforming the photonics industry with high-quality products

Koheras laser system

Close-up of GPX-3000

Vytran FAS

SuperK white light laser

Lios DTS system

Lios DTS system, rear, to connect cables

Click on picture to enlarge

The Photonics Group Management team:

  • Chairman of the Board of Directors, Søren Isaksen

  • CEO NKT Photonics, Jakob Skov

  • CEO Lios Technology, Thomas Oldemeyer

  • CEO Vytran, Ed Connor

Søren Isaksen

Jakob D. Skov

Thomas Oldemeyer

Ed Connor

Click on picture to enlarge

5-year financial highlights

Amounts in mDKK 2013 2012 2011 2010 2009
Income statement          
Revenue 266 237 210 185 160
EBITDA 6 9 1 -11 -31
Depreciation and amortisation -16 -17 -13 -12 -15
Impairment -8 0 0 0 0
EBIT -18 -8 -12 -23 -47
Cash flow          
Cash flow from operating activities 22 -10 -1 -31 -31
Cash flow from investing activities -35 -27 -30 -21 -8
Free cash flow -13 -37 -31 -52 -39
Balance sheet          
Capital employed 200 210 183 172 122
Working capital 86 82 72 63 40
Financial ratios and employees          
EBITDA margin 2.3% 3.8% 0% neg. neg.
Organic growth 13% 10% 16% 14% -8%
Number of employees year-end 205 182 188 181 163

Segments

Photonics Group divides its activities into three core segments:

 

Imaging: Light sources and optical equipment that enables viewing of microscopic details. Main application areas are the life sciences industry and the semiconductor industry (microchips).

Sensing: Long-range measuring systems based on optical fibers. Main application areas today are fire detection, temperature measurement and seismic measurement in the energy, oil and gas industries.

Fiber processing: Precision equipment for production of fiber related assemblies. Application areas include the above sectors and fiber lasers, defence and telecommunications.

Sales By Product Area

Data from the NKT 2013 Annual Report

Strategy

Photonics Group’s strategy is to become a global market leader in the three segments in which it operates

Market and financial targets

  • Annual average growth rates of 15-20%
  • Attractive earnings through high margins
  • Increased return on capital employed (RoCE) in line with the NKT Group target of around 15-20%

        

The focus in Photonics Group is on customers and sectors needing new products and solutions that make a difference. The products and solutions offered help customers to better differentiate from competitors by enabling improved performance, enhanced safety or greater cost efficiency.

Each of the segments in which Photonics Group operates contains above-average growth potential based on offering either new technological capabilities or on substituting conventional technologies with new and better solutions.

We have to date achieved significant acceptance for our solutions and high annual growth rates during the initial phase with strong focus on the development and market launch of our technologies and products. Photonics Group is now ready to embark on the industrialisation phase and to become a valuable industrial pillar in the NKT family.

To learn more about Photonics Groups strategy visit the NKT 2013 Annual Report page 33

Careers

Photonics Group’s ambition is to grow - and much faster than our industry in general. We therefore have a constant need for talented and ambitious employees.

We are headquartered at three different locations: in Cologne, Germany (Lios Technology), in Birkerød, Denmark (NKT Photonics) and in Morganville, New Jersey, US (Vytran). At each location we have management, R&D, manufacturing and office functions. Our sales and service forces are located both at head offices and around the world.

We are always in search of new employees with competencies that can take Photonics Group forward to a higher level. So if your abilities and ambitions match our aims and activities, do not hesitate to contact us.

You will find contact details as well as more specific information on our activities at the following links. Current vacancies will be listed but you are very welcome to send us an unsolicited application:

NKT Photonicswww.nktphotonics.com/careers

Lios Technologieswww.lios-tech.com/Menu/LIOS+Technology/careers

Vytranwww.vytran.com/careers

World

Kulturnat 2014

Åbent hus i NKT Udstillingscenter til Glostrup Kulturnat lørdag den 25. oktober 2014

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UN Global Compact

NKT's CSR Report 2013-2014 has been released.

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