Nordex Group Confirms its 2019 Guidance

Wind Industry Profile of

Sales of approx. EUR 400 million in Q1 2019 / EBITDA margin of 0.8 percent / Guidance for 2019 confirmed / Order intake of just over 1 GW / Order book for projects and services at EUR 6.6 billion / Product portfolio expanded to include 5 MW class

The Nordex Group (ISIN:DE000A0D6554) today announced that it generated sales of EUR 398.9 million in the first quarter of 2019 (Q1 2018: EUR 487.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 3.3 million (Q1 2018: EUR 20.0 million), resulting in an EBITDA margin of 0.8 percent (Q1 2018: 4.1 percent). Business in the first quarter was as forecast by the Nordex Group. Lower construction figures and, as a result, a decrease in sales in the Projects segment are attributable to the... ... More: Official Press Release Nordex

Keywords:

Nordex, financial results, results, taxes, sales, order intake, quarter, Q1, plan, manufacturer