Nkt A/S

NKT has launched a fully qualified 525 kV HVDC extruded XLPE subsea power cable system capable of continuous operation at a conductor temperature of up to 90 °C. The qualification gives transmission operators greater flexibility in designing and operating HVDC cable systems, with the higher temperature capability supporting increased transmission capacity, reduced material consumption, and optimised system efficiency. The advancement is based on an upgraded insulation system, with redesigned inner and outer semiconductive layers using a new material developed and qualified in a joint project with material partner Borouge International, formerly Borealis. NKT's new 90 °C technology portfolio includes power cables with voltage levels of up to 525 kV HVDC for both on- and offshore installation as well as power cable accessories. NKT is headquartered in Denmark and realised revenue of EUR 3.6 billion in 2025.

NKT raised its full-year 2026 operational EBITDA guidance to EUR400-430 million from EUR360-410 million, citing solid execution and confidence in the remainder of the year. The company reported Q2 2026 revenue of EUR657 million, down from EUR723 million a year earlier, while operational EBITDA was stable at EUR104 million and the operational EBITDA margin improved to 15.7% from 14.5%. The transmission business achieved a record-high operational EBITDA margin of 20.2%, and the Champlain Hudson Power Express project reached commercial operation. NKT narrowed its 2026 revenue outlook to EUR2.65-2.75 billion from EUR2.63-2.78 billion, and its transmission order backlog stood at EUR13 billion at the end of Q2, slightly down from EUR13.5 billion at the end of Q1.