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NKT is strongly characterised by its focus on growth and value creation based on global mindset and long-term, active ownership allied to business flair and courage
NKT is a modern industrial conglomerate with businesses specialising in professional cleaning equipment (Nilfisk), power cables (NKT ), and high-tech photonic products (NKT Photonics).
A recurring theme in our more recent history is that of a company with international outlook, the capital resources to buy and sell businesses, the capacity for long-term industrial development, the courage to invest, and the will to challenge its business units.
Best owner philosophy
NKT has specialised in spotting businesses with international development potential. Under NKT active ownership these businesses are developed over time into profitable global players, thereby realising strong value creation for the benefit of our shareholders. This value creation is typically achieved by organic growth in combination with acquisitions and mergers or other forms of collaboration. When NKT no longer considers itself best owner of a business and when the timing and value are right, the business is divested to a new best owner.
We are an owner that exerts active influence on our portfolio of industrial activities. NKT's Board of Directors approves and monitors the direction, strategies, goals and overall policies of the Group companies, supported by the functions in the holding company covering tasks within compliance, investor relations, legal affairs, business development and financial issues.
NKT Group structure
Nilfisk as discontinued operations
Due to the intended split of NKT Holding, Nilfisk is treated as discontinued operations, while NKT’s continuing business comprises NKT Cables and NKT Photonics.
The treatment of Nilfisk as discontinued operations is in accordance with IFRS and affects financial figures accordingly:
Full specification of Nilfisk’s Income and Balance Sheet statements is presented in NKT’s Annual Report 2016 in Note 9.2.