2019-08-19
http://w3.windfair.net/wind-energy/news/27541-nordex-sales-turbines-capacity-earning-2017

Nordex Sales Down

Image: NordexImage: Nordex
Project delays are causing the dip in sales, but the company has also been adjusting structural costs last year.

Official Press Release Nordex:

Nordex Group closes 2017 in line with guidance

Wind Industry Profile of
Nordex Group closes 2017 in line with guidance

Sales of just under EUR 3.1 billion / EBITDA margin of 7.9% / Capital spending of EUR 144 million for future growth / Structural costs permanently reduced by EUR 45 million

On the basis of its preliminary figures, the Nordex Group (ISIN: DE000A0D6554) generated sales of EUR 3.08 billion in 2017 (2016: EUR 3.4 billion). This sales performance, guided during Q3, does also reflect some project delays. At the same time, the Group installed new capacity of 2.7 gigawatts in 2017, roughly the same as in 2016. Operating earnings before interest, taxes, depreciation, amortisation and exceptionals for the “45 by 18” programme (EBITDA) came to EUR 242 million (2016: EUR 285.5 million). With an EBITDA margin adjusted for exceptionals of 7.9 percent, the Group also met... ... More: Official Press Release Nordex

Keywords:
Nordex, sales, turbines, capacity, earning, 2017







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