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 (+1,85 %) 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 (+2,14 %) currently ahead of the likely sale to $ADNOCDIST and $APO (+1,35 %) stands.