The Nordex Group has announced consolidated sales of € 1,772.9 million for the period ended 30 September 2018 (9M/2017: € 2,319.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 71.4 million (9M/2017: € 181.9 million), resulting in an EBITDA margin of 4.0 percent (9M/2017: 7.8 percent).
In the Service segment, Nordex increased sales by 13.6 percent from € 227.5 million to € 258.4 million to remain on track for growth. As expected, sales in the Projects segment fell by 27.6 percent year-on-year to € 1,517.0 million in the period under review (9M/2017: € 2,099.8 million).
In the third quarter of 2018, the Nordex Group generated order intake of 974MW in the Projects segment, a substantial increase on the 209.7MW recorded in the same three-month period in 2017. As a result, total new orders placed with the Nordex Group in the first three quarters rose to 3.1GW (9M/2017: 1.1GW).
Of this order intake, 38 percent related to Latin America, 32 percent to Europe, 17 percent to North America and 13 percent to the rest of the world. At over 70 percent, the lion’s share of the order intake was for turbines from the AW platform. The Nordex Group narrows its 2018 guidance and expects consolidated sales of € 2.4 to € 2.6 billion and an EBITDA margin of 4.0 and 5.0 percent at the lower end of the respective range.
