On the basis of its preliminary figures, the Nordex Group generated sales of € 3.08 billion in 2017 (2016: € 3.4 billion). This sales performance, guided during Q3, does also reflect some project delays. Nordex installed new capacity of 2.7GW in 2017, roughly the same as in 2016.
Operating earnings before interest, taxes, depreciation, amortisation and exceptionals for the “45 by 18” programme (EBITDA) came to € 242 million (2016: € 285.5 million). The company reports an EBITDA margin adjusted for exceptionals of 7.9 per cent. In order to address the pressure on prices, Nordex launched and completed the cost reduction programme “45 by 18” in 2017 in order to achieve a sustainable structural cost reduction of € 45 million in 2018. At the same time, it invested € 144.3 million (2016: € 102.4 million) mainly for the development of new products. The company will be publishing its annual financial statements for 2017 and the guidance for 2018 on 27 March 2018.
