|
EQS-News: Nordex SE
/ Key word(s): Preliminary Results
Hamburg, 12 February 2024. The Nordex Group (ISIN: DE000A0D6554) today published preliminary results for fiscal year 2023 and confirms its guidance for the year. According to these preliminary results, the Company recorded increased consolidated sales of EUR 6.5 billion (previous year: EUR 5.7 billion) and exceeded the upper end of the forecast range of EUR 5.6 to 6.1 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached break-even on a full-year basis at EUR 2.0 million (previous year: minus EUR 244 million). This corresponds to an EBITDA margin of zero percent (previous year: minus 4.3 percent) and is broadly in the middle of the guidance range of minus 2 to plus 3 percent. The Nordex Group has improved its working capital ratio in relation to consolidated sales to minus 11.5 percent (previous year: minus 10.2 percent). Thus, the ratio is again clearly below the guided minus nine percent. Investments in 2023 amounted to around EUR 131 million (previous year: EUR 205 million) and are therefore well below the forecast figure of around EUR 200 million. Nordex ended the year with a solid order intake of 7.4 GW (previous year: 6.3 GW) while maintaining stable prices with a promissing order outlook. "2023 was a transition year with a step-up in the right direction. Looking back, business performance has developed as assumed at the beginning of the year. After a weak start, as expected, we gradually improved each quarter with a stronger second half of the year. Overall, we reached break-even in terms of profitability and now have laid a good foundation for our further business development," explains José Luis Blanco, CEO of the Nordex Group. The figures announced with this press release are preliminary. The Nordex Group will publish final and audited results for fiscal year 2023 together with guidance for 2024 on 29 February 2024.
About the Nordex Group The Group has installed around 44 GW of wind energy capacity in over 40 markets and generated revenues of EUR 6.5 billion in 2023. The Company currently employs a workforce of approx. 10,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States (mothballed), India, and Mexico. The product portfolio is focused on onshore turbines in the 4 to 6.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.
Contact person for press: Nordex SE Felix Losada Phone: +49 (0)40 / 300 30 – 1141 flosada@nordex-online.com
Contact for investors: Nordex SE Felix Zander Phone: +49 (0) 152 0902 4029 fzander@nordex-online.com
Nordex SE Tobias Vossberg Phone: +49 (0) 173 4573 633 tvossberg@nordex-online.com
Nordex SE Torben Rennemeier Phone: +49 (0) 152 3461 7954 trennemeier@nordex-online.com
12.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Nordex SE |
| Erich-Schlesinger-Straße 50 | |
| 18059 Rostock | |
| Germany | |
| Phone: | +49 381 6663 3300 |
| Fax: | +49 381 6663 3339 |
| E-mail: | investor-relations@nordex-online.com |
| Internet: | www.nordex-online.com |
| ISIN: | DE000A0D6554 |
| WKN: | A0D655 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1834681 |
| End of News | EQS News Service |
|
|
1834681 12.02.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
