Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


The Nordex Group has announced that it generated sales of € 398.9 million in the first quarter of 2019 (Q1 2018: € 487.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 3.3 million (Q1 2018: € 20.0 million), resulting in an EBITDA margin of 0.8% (Q1 2018: 4.1%). Lower construction figures and, as a result, a decrease in sales in the Projects segment are attributable to the installation schedules of customer projects.
 
In the first three months of 2019, the Nordex Group installed a total of 84 wind turbines in nine countries with a combined output of 260.9 MW (Q1 2018: 522.9 MW), with Europe accounting for around 36% and Latin America for 64% of installations. As a result of lower installation figures, sales in the Projects segment fell by 24% to € 312.3 million in the reporting period (Q1 2018: € 409.6 million). By contrast, sales in the Service segment continued to grow, rising by eleven% from € 78.8 million to € 87.4 million.
 
In the first quarter of 2019, the Nordex Group received orders for 1,035.1MW worth € 810.2 million in the Projects segment (excluding services) (Q1 2018: 1,007.5MW). Of this order intake, 41% related to Europe, 44% to Latin America and 15% to the rest of the world.
 
The Nordex Group confirms its 2019 guidance and expects to generate consolidated sales of € 3.2 to € 3.5 billion, an EBITDA margin of between 3.0 and 5.0%. The Group plans to make investments of € 120 million – a figure which will ultimately depend on the momentum of orders received for new products in the further course of the year.
 
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.