Nordex Group Confirms its 2019 Guidance

Image: NordexImage: Nordex
First quarter went in line with expactations / Nordex Group expects weaker sales in the first half of the year and significantly higher sales in the second half

Official Press Release Nordex:

Nordex starts new financial year in line with planning

Wind Industry Profile of
Nordex starts new financial year in line with planning

Sales of approx. EUR 400 million in Q1 2019 / EBITDA margin of 0.8 percent / Guidance for 2019 confirmed / Order intake of just over 1 GW / Order book for projects and services at EUR 6.6 billion / Product portfolio expanded to include 5 MW class

The Nordex Group (ISIN:DE000A0D6554) today announced that it generated sales of EUR 398.9 million in the first quarter of 2019 (Q1 2018: EUR 487.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 3.3 million (Q1 2018: EUR 20.0 million), resulting in an EBITDA margin of 0.8 percent (Q1 2018: 4.1 percent). Business in the first quarter was as forecast by the Nordex Group. Lower construction figures and, as a result, a decrease in sales in the Projects segment are attributable to the... ... More: Official Press Release Nordex

Nordex, financial results, results, taxes, sales, order intake, quarter, Q1, plan, manufacturer

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