Nordex makes solid start to 2018
- Sales totaling EUR 488 million
- EBITDA margin of 4.1 percent
- Order intake rises to just over 1 GW
- N133/4.8 high-wind turbine expands product portfolio
- Guidance for 2018 confirmed
Hamburg, 15 May 2018. The Nordex Group (ISIN:DE000A0D6554) today announced that it generated sales of EUR 487.9 million in the first three months of 2018 (Q1 2017: EUR 648.4 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 20.0 million (Q1 2017: EUR 51.2 million), resulting in an EBITDA margin of 4.1 percent (Q1 2017: 7.9 percent). This development is mainly due to low order intake from Germany in the last financial year 2017. Overall, the Company has made a solid start to the year with these figures, which are in line with its expectations.
In the Service segment, Nordex increased sales by eight percent from EUR 72.8 million to EUR 78.8 million to remain on track for growth. Sales in the Projects segment fell by 29 percent to EUR 409.6 million during the period under review (Q1 2017: EUR 578.5 million).
In the first quarter of 2018, Nordex installed 171 wind turbines in eight countries with a capacity of 522.9 megawatts (Q1 2017: 415.6 MW). Latin America accounted for around half of this installed capacity. As these turbines were partially installed by customers, the corresponding sales were recorded upon delivery during the last financial year.