NKT stock builds on backlog and margin progress
Published on 07/20/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NKT stock (NKT A/S, ISIN DK0010287663) is anchored by a reported order backlog of EUR 10.0 billion at the end of 2025, revenue of EUR 3.3 billion in 2025, and EBITDA before special items of EUR 354 million for 2025, which gives the shares a clear earnings-and-orders frame even without a fresh market print.
EUR 10.0 billion backlog
The company said its order backlog reached EUR 10.0 billion at the end of 2025, up from EUR 7.0 billion at the end of 2024, a rise of EUR 3.0 billion year on year. That backlog is the most visible numerical anchor for NKT stock because it links future cable deliveries to already booked demand.
Revenue for 2025 was EUR 3.3 billion, compared with EUR 2.5 billion in 2024, an increase of EUR 0.8 billion or 32.0% year on year. EBITDA before special items increased to EUR 354 million in 2025 from EUR 195 million in 2024, a gain of EUR 159 million that points to better operating leverage.
Margins improved in 2025
EBITDA before special items translated into a margin of 10.7% in 2025, versus 7.8% in 2024. The change matters because cable producers often live or die by margin discipline, not only by top-line growth.
Net profit for 2025 was EUR 170 million, compared with EUR 79 million in 2024, so the bottom line more than doubled year on year. That move gives the 2025 report more weight than a simple backlog headline.
NKT 2025 report and investor material
The latest annual figures show how the company moved from a EUR 7.0 billion backlog to EUR 10.0 billion while lifting EBITDA before special items to EUR 354 million.
Cables remain the core
The core business remains power cables, which is where NKT concentrates its industrial scale and where the backlog conversion story matters most. The 2025 numbers suggest the company entered 2026 with stronger revenue visibility than a year earlier.
For investors, the key is whether backlog conversion and margin delivery stay aligned. The 2025 comparison already shows both improved revenue and better earnings quality, which is more relevant than a single-day share quote.
Market value frame
The most recent dated company figures in this article are the 2025 report metrics, because no verified live market quote was available in the source set for this call. That leaves EUR 10.0 billion backlog, EUR 3.3 billion revenue, and EUR 354 million EBITDA before special items as the clearest evidence-based frame for NKT stock.
NKT A/S key facts
- Company: NKT A/S
- ISIN: DK0010287663
- Ticker: XETRA: NKT
- Trading venue: Nasdaq Copenhagen
- Sector / Industry: Industrials / Electrical Equipment
- Index membership: OMX Copenhagen 25
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