Press Release
Herausgeber: Nordex SE
Nordex Group: preliminary annual figures for 2022 confirm guidance
- Consolidated sales increase to EUR 5.7 billion
- EBITDA-margin at minus 4.3 percent
- Working capital ratio maintained at minus 10.2 percent
© © Nordex SE / U. MertensHamburg (renewablepress) - The Nordex Group (ISIN: DE000A0D6554) today published preliminary results for fiscal year 2022 confirming its revised annual guidance. According to these preliminary results, the Company generated consolidated sales of EUR 5.7 billion (previous year: EUR 5.4 billion) and reached the upper end of the guidance range of EUR 5.2 to 5.7 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to minus EUR 244 million (previous year: EUR 53 million) which corresponds to an EBITDA margin of minus 4.3 percent (previous year: 1.0 percent). The financial performance in the year was mainly impacted by the ongoing volatile macro-economic environment, challenges with product quality and supply chain reliability, a cyber security incident in the first half, and the overall resultant impact on installations partially offset by income from project development activities.
The Nordex Group managed to successfully keep working capital at favorable levels reporting a working capital ratio of minus 10.2 percent in relation to consolidated sales (previous year: minus 10.2 percent), well within the guidance range of below minus 7 percent.
Investments amounted in total to around EUR 205 million (previous year: EUR 168.7 million) in 2022, being higher than the forecasted figure of around EUR 180 million.
With rising prices, a healthy order intake of 6.33 GW (previous year: 7.95 GW) was recorded with improving market share despite a very challenging market environment.
"2022 has been again an extremely challenging year for the industry due to the numerous macro-economic headwinds. Despite these challenges, our team was able to maintain a healthy momentum in terms of order intake with significantly improving selling prices, which gives us a good platform for 2023. In the medium term, wind markets continue to show great potential with the strengthening of the policy momentum for renewable energies across Europe and the USA. This, along with further stabilization of the macro-economic environment could pave the way for our mid-term margin target," 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 2022 together with guidance for 2023 on 31 March 2023.
About the Nordex Group
The Group has installed around 44 GW of wind energy capacity in over 40 markets and generated revenues of EUR 5.7 billion in 2022. The Company currently employs a workforce of approx. 9,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, 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.
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Hamburg, 09 March 2023
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E-Mail: fzander@nordex-online.com
Nordex SE
Tobias Vossberg
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Nordex SE
Torben Rennemeier
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E-Mail: trennemeier@nordex-online.com
Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Internet: https://www.nordex-online.com
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Daten werden geladen...Daten werden geladen...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.
Press Contact
Felix Losada
Nordex SE
E-Mail: flosada@nordex-online.com
Phone: +49 - (40) - 300 30 - 1141