NKT Holding

NKT Holding A/S

Type	Publicly traded
Traded as	OMX: NKT
Industry	Industrial machinery
Founded	1891
Founder(s)	H.P. Prior
Headquarters	Copenhagen, Denmark
Key people	Christian Kjær (Chairman), Thomas Hofman-Bang (President and CEO), Michael Hedegaard Lyng (CFO), Søren Isaksen (CTO),
Products	Power cables, Pipelines, cleaning equipment, optical fibres
Revenue	DKK 14.45 billion (2010)[1]
Operating income	DKK 479.7 million (2010)[1]
Profit	DKK 266.2 million (2010)[1]
Total assets	DKK 12.56 billion (end 2010)[1]
Total equity	DKK 4.112 billion (end 2010)[1]
Employees	8,450 (average, 2010)[1]
Subsidiaries	NKT Cables, Nilfisk-Advance, Photonics Group, NKT Flexibles (co-owned with Subsea 7)
Website	www.nkt.dk

NKT Holding is a holding company and industrial conglomerate with interests in cables and wires, cleaning equipment and high-pressure cleaners for both industry and private use, flexible pipelines for the oil and gas industry as well as optical components, lasers and crystal fibres.

The company is listed on NASDAQ OMX Copenhagen Stock Exchange and has been so since 1898.

NKT Holding is the parent company, with 4 main subsidiaries, being;

• NKT Cables
• Nilfisk-Advance
• Photonics Group (NKT Photonics, LIOS Technology, Vytran)
• NKT Flexibles (co-owned with Subsea 7)

History

The company was founded in 1891 by H.P Prior, who would later become chairman of the Danish industry council, under the name of "Nordisk Elektrisk Ledningstraad og Kabel-Fabrik". It quickly expanded, buying up other companies, and it 1898 was named "Nordiske Kabel og Traadfabriker".

Over the next more than 100 years the company is active in a number of sectors outside the cable industry, including glass, aluminium, steel, nails, fasteners etc.

In 1990 the current company structure is established and over the next 10 years, begins merging and selling of several companies in the portfolio with the aim to concentrate on a smaller number of core businesses with major international potential. The past decade, the company has continued that path, founded by the "best owner" philosophy, where NKT Holding provides a kind of industrial home for each entity until such time as the may be ready for further development and growth under "better" ownership.

Most recently NKT Holding launched its 2011-2015 strategy "Powered by NKT" focusing on growth and value creation.

International operations

NKT is present all over the world, both with sales offices and with production facilities and factories. NKT Holding A/S, Nilfisk-Advance, Photonics Group and NKT Flexibles are all headquartered in Denmark, whereas the NKT Cables headquarter is located in Cologne, Germany.

Members of the Board of Directors of NKT Holding

• Christian Kjær, Chairman of the Board of Directors
• Jens Due Olsen, Vice Chairman of the Board of Directors
• Jan Erik Jensen, employee elected
• Gunnar Karsten Jørgensen, employee elected
• Arne Dan Kjærulff, employee elected
• Jens Maaløe
• Kurt Bligaard Pedersen
• Lone Fønss Schrøder
• Jan Trøjborg

References

1. ^ ^{a b c d e f} "Annual Report 2010". NKT Holding. http://investor.uk.nkt.dk/common/download/download.cfm?companyid=ABEA-2HNC6P&fileid=446171&filekey=1F9B10E0-0EAC-432C-9E2C-DFB983870593&filename=NKT_annualreport_2010_UK_2.pdf. Retrieved 31 March 2011. 

External links

• Official website