Nordex Publishes Q3 Earnings

Changed statutory parameters have negative impact on project lead times and, therefore, on contract awards.

Official Press Release Nordex:

Nordex prevails in a difficult environment

Wind Industry Profile of

9M/2017 sales at a stable of EUR 2.3 billion / Production output up by 26%, to reach 2,452 MW / EBITDA margin of 7.8% achieved / Order intake reduced to EUR 1.1 billion / Management Board expects robust new business in Q4 / 2017 sales expected to be slightly below 3.1 bn EUR

In the past nine months of 2017 financial year, the Nordex Group (ISIN: DE000A0D6554) generated EUR 2,319.5 million in sales (9M/2016: EUR 2,339.5 million). Accordingly, the company is at a stable high level year-on-year and within the scope of its expectations. In the third quarter the Group generated EUR 818.3 million in sales (Q3/2016: EUR 855.5 million). The Service division boosted its sales by 21 per cent, to EUR 227.5 million, making a substantial contribution to... ... More: Official Press Release Nordex