Nordex remains on track
DGAP-News: Nordex SE / Key word(s): Half Year Results
14.08.2018 / 07:30
Nordex remains on track
Hamburg, 14 August 2018. The Nordex Group (ISIN:DE000A0D6554) has announced today that it has generated sales of EUR 957.1 million in the first six months of 2018 (H1 2017: EUR 1,501.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 38.4 million (H1 2017: EUR 117.5 million), resulting in an EBITDA margin of 4.0 percent (H1 2017: 7.8 percent).
In the Service segment, Nordex increased sales by 7.7 percent from EUR 150.2 million to EUR 161.8 million to remain on track for growth. Sales in the Projects segment fell by 41.2 percent year-on-year to EUR 797.1 million during the period under review (H1 2017: EUR 1,356.5 million).
Orders and production
« The global positioning of our company is paying off. While orders in the wind energy sector remain flat in our home market Germany, Nordex has secured numerous orders in its international markets, » said José Luis Blanco, CEO of Nordex SE.
In the first half of 2018, Nordex installed 303 wind turbines with total output of 934.4 MW (H1 2017: 1,128.6 MW) in 13 countries. Europe accounted for around half of this installation volume.
Nordex significantly increased its production output in the second quarter. Turbine assembly output totaled 794 MW after 347 MW in the previous quarter, while the Company produced 264 rotor blades compared with 180 units in the first quarter. The Nordex Group always manages its production in line with binding delivery obligations.
Wind turbine of the future
« The Delta4000 product range marks the next stage of development for our established Generation Delta concept. These wind turbines combine many years of experience with consistent reductions in the cost of energy and can be used in all of our target markets, » explained José Luis Blanco, CEO of Nordex SE.
Guidance for 2018 confirmed
Nordex Group key figures at a glance:
Profile of the Nordex Group
14.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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