The Nordex Group has published its annual financial statements for 2022. Consolidated sales rose by 4.6 percent to EUR 5.7 billion (2021: EUR 5.4 billion). Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to minus EUR 244.3 million (2021: EUR 52.7 million), resulting in a margin of minus 4.3 percent (2021: 1.0 percent).
In 2022, the Nordex Group’s installations were lower than in the previous year due to weather-related delays, the cyber security incident and component bottlenecks. As a result, the Company in the year under review installed 1,129 wind turbines in 19 countries (2021: 1,619 in 22 countries) with a total nominal output of 5.2 GW (2021: 6.7 GW). Sales in the Projects segment rose slightly by 2.7 percent to EUR 5.1 billion (2021: EUR 5.0 billion). The Service segment increased its sales by 22.7 percent to EUR 574 million (2021: EUR 468 million) to comprise 10.1 percent of consolidated sales. By the end of 2022, the Nordex Group serviced 10,599 wind turbines with a total output of more than 31 GW, most of them on long-term contracts (2021: 9,765 turbines, 27 GW). The order book grew by 7.2 percent to EUR 3.3 billion in the Service segment (2021: EUR 3.0 billion), and by 5.8 percent to EUR 6.5 billion in the Projects segment (2021: EUR 6.2 billion).
For 2023, the Nordex Group expects consolidated sales of EUR 5.6 to 6.1 billion and an EBITDA margin of minus 2.0 to plus 3.0 percent. During the course of 2023 the Company anticipates a stronger second half of the year. The main prerequisites for this forecast are a stable macro-environment with predictable costs, a reliable supply chain, and rational prices in the Group’s key markets. Considering the positive outlook in its core European market as well as the USA, the Company confirms that it remains on track to achieve its medium-term strategic target of an EBITDA margin of 8 percent.
