Nordex Reports Solid Start to 2018

Wind Industry Profile of

Sales totaling EUR 488 million / EBITDA margin of 4.1 percent / Order intake rises to just over 1 GW / N133/4.8 high-wind turbine expands product portfolio / Guidance for 2018 confirmed

The Nordex Group (ISIN:DE000A0D6554) today announced that it generated sales of EUR 487.9 million in the first three months of 2018 (Q1 2017: EUR 648.4 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 20.0 million (Q1 2017: EUR 51.2 million), resulting in an EBITDA margin of 4.1 percent (Q1 2017: 7.9 percent). This development is mainly due to low order intake from Germany in the last financial year 2017. Overall, the Company has made a solid start to the year with these figures, which are in line with its expectations. In the Service... ... More: Official Press Release Nordex

Keywords:

Nordex, Q1, revenue, quarter, order, turbine manufacturer, service, onshore