NKT

The investment decision worked out perfectly. The upward trend should now correct and consolidate for the time being. In the long term, still one of my favorites for the European energy industry.

Opening of a first position with the Danish cable specialist. The order situation is outstanding and the interest in NKT's portfolio seems unbroken.

$NKT (+0,1 %) is a supplier of various direct current and alternating current solutions. It serves both the onshore and offshore markets.

Background for an entry:

• 04/24 - North Sea Summit: government leaders sign a memorandum of understanding to build wind farms in the North Sea with a capacity of up to 300 GW.
• Business should grow even more rapidly by 2035. Boosted by European utilities' declarations of intent in solar and wind energy.
• Transnational power transmission becomes more significant for the energy transition due to efficiency in southern areas.
• Today an unwarranted sharp discount due to CEO change.
• Business is likely to be massively driven and subsidized by the government, so no slowdown is expected even in the event of a recession.

Away from that, I needed a new position in the portfolio, since $BRKM5 (+1,28 %) currently ahead of the likely sale to $ADNOCDIST and $APO (+0,6 %) stands.