Nordex sees business pick up
DGAP-News: Nordex SE / Key word(s): 9-month figures
13.11.2018 / 07:30
Nordex sees business pick up
Hamburg, 13 November 2018. The Nordex Group (ISIN: DE000A0D6554) today announced consolidated sales of EUR 1,772.9 million for the period ended 30 September 2018 (9M/2017: EUR 2,319.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 71.4 million (9M/2017: EUR 181.9 million), resulting in an EBITDA margin of 4.0 percent (9M/2017: 7.8 percent).
In the Service segment, Nordex increased sales by 13.6 percent from EUR 227.5 million to EUR 258.4 million to remain on track for growth. As expected, sales in the Projects segment fell by 27.6 percent year-on-year to EUR 1,517.0 million in the period under review (9M/2017: EUR 2,099.8 million).
Orders and production
Of this order intake, 38 percent related to Latin America, 32 percent to Europe, 17 percent to North America and 13 percent to the rest of the world. Coming from 17 different countries, incoming orders were well balanced between the different regions. The strongest individual markets were Brazil, Mexico, Argentina, the United States and South Africa, while in Europe it were France, Turkey and Sweden. At over 70 percent, the lion’s share of the order intake was for turbines from the AW platform.
«We received a large number of orders from different markets around the world, achieving a healthy, diversified mix of new business. This will enable us to continue to compensate for temporary periods of weakness in individual markets, as it is currently the case in certain European regions,» said José Luis Blanco, CEO of Nordex SE.
By the end of September 2018, the Nordex Group had installed 564 wind turbines with a total output of 1,719 MW (9M/2017: 1,997 MW) in 17 countries. Europe accounted for nearly half of this installation volume.
In the first three quarters of 2018, Nordex manufactured a total of 561 turbines with an output of 1,735.7 MW (9M/2017: 2,451.6 MW). The company also produced 648 rotor blades in the first nine months of the year: 156 in Germany and 492 in Spain. The Nordex Group manages its production in line with binding delivery obligations.
Prototype and the first incoming orders for the Delta4000
«In installing the first turbines from the Delta4000 product series in a timely manner, we reached an important milestone. These orders for the N149 turbines, with long-term service contracts in each case, show the acceptance of our competitive, flexible turbine on the market,» said José Luis Blanco, CEO of Nordex SE.
Guidance for 2018
Nordex Group key figures at a glance:
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