2019-03-22
http://w3.windfair.net/wind-energy/news/27800-nordex-turbine-manufacturer-germany-auction-order-revenue

Nordex Publishes Preliminary Figures for 2017

Image: NordexImage: Nordex
The turbine manufacturer prepares for a challenging year - due to decreasing orders because of the auctions in Germany

Official Press Release Nordex:

Nordex entering 2018 well prepared

Wind Industry Profile of
Nordex entering 2018 well prepared

Targets for 2017 achieved / New products generating strong interest / Equity ratio of 32.7 percent / Guidance for 2018 issued

With the annual financial statements for 2017 released today, the Nordex Group (ISIN: DE000A0D6554) confirms its preliminary figures: In 2017, the Group achieved sales of EUR 3.08 billion and adjusted earnings before interest, taxes, depreciation and amortisation of EUR 242 million. This translates into an adjusted EBITDA margin of 7.9 percent, which also matched expectations. Including the non-recurring expenses in connection with the “45 by 18” cost-cutting programme, EBITDA came to EUR 200.7 million, equivalent to a margin of 6.5 percent. Against this backdrop, earnings before interest and taxes (EBIT) also declined, coming to EUR 43.4... ... More: Official Press Release Nordex

Keywords:
Nordex, turbine manufacturer, Germany, auction, order, revenue







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