International Markets Help Nordex' Sales

Image: NordexImage: Nordex
Nordex published updated sales for Q3

Official Press Release Nordex:

Nordex sees business pick up

Wind Industry Profile of
Nordex sees business pick up

Sales just shy of EUR 1.8 billion in the first nine months of 2018 / EBITDA margin of 4.0 percent achieved / Order intake rises to 3.1 GW / First orders placed for Delta4000 product series / Q3 2018 in line with expectations; FY 2018 guidance narrowed at the lower end of the range

The Nordex Group (ISIN: DE000A0D6554) today announced consolidated sales of EUR 1,772.9 million for the period ended 30 September 2018 (9M/2017: EUR 2,319.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 71.4 million (9M/2017: EUR 181.9 million), resulting in an EBITDA margin of 4.0 percent (9M/2017: 7.8 percent). In the Service segment, Nordex increased sales by 13.6 percent from EUR 227.5 million to... ... More: Official Press Release Nordex

Nordex, Q3, sales, EBITDA margin, orders, markets, turbine manufacturr, Germany

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