NKT, a Danish company with a 134-year history, has successfully transformed itself from a complex conglomerate into a focused cable company, rejoining the prestigious C25 stock index. Led by Chairman Jens Due Olsen, the company has undergone a major restructuring, divesting various business units to concentrate on its core cable business.

The transformation began about ten years ago when Jens Due Olsen took over as chairman. The company’s complex structure, typical of a conglomerate, was deemed inefficient and undervalued by the stock market.

A key move was the acquisition of ABB’s cable business in 2016, which significantly strengthened NKT’s cable operations. This acquisition allowed NKT to divest other parts of its business, including Nilfisk and NKT Photonics, to focus exclusively on cables.

The demand for advanced cables to support green electricity transmission is a major driving force behind NKT’s growth. The company anticipates significant revenue growth in the coming years, driven by the global push towards renewable energy and the need for extensive electricity grid infrastructure.

NKT’s financial performance has improved dramatically, with a near doubling of turnover and a shift from deficit to substantial profit. However, analysts caution about the risks associated with large projects, where delays can be costly.

The company’s headquarters in Brøndby may soon be upgraded to reflect its renewed success and growth. With over 5,400 employees across Europe, NKT is a key player in the expanding cable industry.