Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


The Nordex Group has announced that it generated consolidated sales of € 990.8 million (H1 2018: € 957.1 million) in the first six months of 2019. Total output, which also includes services provided but not yet shown as sales, such as turbines manufactured, rose from € 1,090.0 million to € 1,603.5 million.
 
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 17.1 million (H1 2018: € 38.4 million), corresponding to an EBITDA margin of 1.7 % (H1 2018: 4.0 %). The Nordex Group confirms its guidance for the current year 2019 and expects to generate consolidated sales of € 3.2 to € 3.5 billion, an EBITDA margin of between 3.0 and 5.0 %.
 
In the Projects segment (excluding services), the Nordex Group recorded incoming orders of 3,038.4MW in the first six months of 2019 (H1 2018: 2,097.3MW) worth € 2,111.8 million. Of this total, Europe and North America accounted for 37 % each, Latin America for 21 % and Australia (Rest of the World region) for 5 %. At the end of the first half of the year, the Nordex Group had an order book of € 5.3 billion in the Projects segment (H1 2018: € 3.2 billion) and € 2.3 billion in the Service segment (H1 2018: € 2.0 billion).
 
Production output has already increased in light of the sharp rise in worldwide installations planned for the second half of 2019. The company expanded its turbine assembly production by 52 % from 1,141MW in the prior-year period to 1,735MW in the first six months of this year. The company also increased the production of rotor blades by 48 % to 659 units, up from 444 units.
 
In the first six months of 2019, the Nordex Group installed a total of 242 wind turbines in 13 countries with a combined output of 778.1MW (H1 2018: 934.4MW), with Europe accounting for around 34.5 % and non-European markets for 65.5 % of this total. As a result of lower installation figures, sales in the Projects segment reached € 810.7 million in the reporting period (H1 2018: € 797.1 million). Sales in the Service segment rose by 12.2 % to € 181.6 million in the first half of the year (H1 2018: € 161.8 million) to continue their steady growth.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.