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Press Release

Herausgeber: Nordex SE

Nordex Group: Preliminary figures confirm guidance

- Consolidated sales increase to around EUR 4.6 billion
- EBITDA margin is 2.0 percent
- Good working capital ratio at minus 6.3 percent
- Order intake in 2020 again totals more than 6.0 GW

©  Nordex SE
© Nordex SE
Hamburg (renewablepress) - The Nordex Group (ISIN: DE000A0D6554) today confirmed its new guidance issued in November 2020 and presented its preliminary figures for the 2020 financial year. The Company lifted consolidated sales by 41.6 percent to EUR 4.6 billion (previous year: EUR 3.3 billion), slightly above the forecast figure of approximately EUR 4.4 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at EUR 94.0 million, down 24.1 percent year-on-year (previous year: EUR 123.8 million). This results in an EBITDA margin of 2.0 percent (previous year: 3.8 percent), which meets the guidance figure of two percent.

The Nordex Group achieved a working capital ratio as a percentage of consolidated sales of minus 6.3 percent (previous year: minus 9.1 percent). This means that this ratio is well below the target level of under four percent. This positive performance is largely due to the strong order intake and the Group’s efficient working capital management.

The Nordex Group invested EUR 162.9 million during the year under review, which was slightly less than both the forecast capital expenditure figure of EUR 170 million and the previous year’s volume of EUR 172.5 million. Capital expenditure mainly focused on the establishment and expansion of rotor blade production in Mexico, India and Brazil and the procurement of production, installation and transportation equipment.

In financial year 2020, the Nordex Group again achieved order intake in excess of 6.0 GW, thus matching nearly the previous year's order volume of 6.2 GW despite the coronavirus pandemic. In terms of value, these orders are distributed as follows: Europe accounted for 62 percent, and North America and Latin America for 19 percent each. This distribution reflects the Nordex Group's global positioning while showing a shift in incoming orders toward established markets.

“In 2020, we took swift and pragmatic action to address the impact of the coronavirus pandemic. Despite these difficult conditions, we installed turbines with an output of around 5.5 GW worldwide. Our order intake benefited from the sustained momentum in the wind power market, with our higher-margin Delta4000 turbine technology performing particularly well”, said José Luis Blanco, CEO of the Nordex Group.

The key figures announced in this press release are preliminary. The Nordex Group will present its final audited figures for the 2020 financial year, including its guidance for 2021, on 23 March 2021.

About the Nordex Group

The Group has installed more than 32 GW of wind power capacity in over 40 markets and generated sales of around EUR 4.6 billion in 2020. The Company currently has more than 8,500 employees. The Group’s manufacturing network includes factories in Germany, Spain, Brazil, the USA, India and Mexico. Its product portfolio is mainly focused on onshore turbines in the 4 to 5.X MW class which are designed to meet the market requirements of countries with limited available space and regions with limited grid capacity.

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© Nordex SE

Hamburg, 05 March 2021

Publication and Reprint free of charge; please send a voucher copy to Nordex SE.

Attention editorial offices - For further questions please contact:

Media contact:
Nordex SE
Felix Losada
Phone: +49 (0)40-30030–1000
E-Mail: flosada@nordex-online.com

Contacts for investors:
Nordex SE
Felix Zander
Phone: +49 (0)40-30030–1000
E-Mail: fzander@nordex-online.com

Nordex SE
Tobias Vossberg
Phone: +49 (0)40-30030–1000
E-Mail: tvossberg@nordex-online.com

Nordex SE
Rolf Becker
Phone: +49 (0)40-30030–1000
E-Mail: rbecker@nordex-online.com

Nordex SE
Langenhorner Chaussee 600
22419 Hamburg

Internet: https://www.nordex-online.com


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About Nordex SE

The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.

The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).

Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.

More Information about Nordex SE

Press Contact

Felix Losada

Felix Losada
Nordex SE
E-Mail: flosada@nordex-online.com
Phone: +49 - (40) - 300 30 - 1141