Nordex Lowers Expectations

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During a review of the budget for the financial year 2017 and the medium-term target 2018, the Management Board of Nordex SE concluded today that revenue this year is likely to amount to 3.1 to 3.3 billion Euros. Reduced expectations for business in certain core markets are the reasons for a lower revenue expectation in 2017 compared to 2016 and the previous budget.

The EBITDA-margin in 2017 is, however, expected to remain almost stable, compared with the margin of 8.3% expected for 2016. The target range for the operating margin is 7.8% to 8.2%. Nordex is targeting revenue of 3.4 to 3.6 billion Euros in 2018 and an unchanged EBITDA margin compared to the previous year. Despite lower capacity utilization, the Management Board expects that the EBITDA margin will remain... ... More: Official Press Release Nordex

Keywords:

Nordex, revenue, margin