Plus   Neg

Nordex Sees Higher Sales In FY19 With Strong Order Book - Quick Facts

German wind turbine maker Nordex Group (NRDXF.PK) Tuesday said that it began the new year with a well-filled order book and thus expects considerable sales growth.

The order book for new wind turbines, in the Projects segment, totaled 3.9 billion euros at the end of 2018, up from last year's 1.7 billion euros.

For 2019, the company expects consolidated sales of 3.2 billion euros to 3.5 billion euros. Installations and related sales in the second half of the year will be well above the figures of the first six months.

The EBITDA margin is expected to be in the range of 3.0 to 5.0 percent, reflecting the significant increase in activity and the operational challenges this will bring.

In the year 2018, consolidated sales totaled 2.46 billion euros, with an EBITDA margin of 4.1 percent.

Capital expenditures - particularly in optimizing the supply chain, expanding global production, and product development - are estimated to reach 120 million euros in 2019.

Nordex Group said it is continuing to expand its product portfolio in 2019, thus enabling its customers to win auctions in every significant volume and growth market.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Canada has apologized after a Christmas sweater featuring Santa Claus and apparently cocaine was posted for sale on the company's Canadian website. The retail giant pulled the controversial sweater from its website following a backlash on social media. However, the sweater was not available on Walmart's U.S. website. Ford Motor Co. is recalling around 262 thousand F-Series heavy-duty pickups in the U.S. and Canada citing problem with the electric tailgates that may open unintentionally. The recall involves F-250, F-350 and F-450 Super Duty trucks from the 2017 through 2019 model years. Of these, 231,664 vehicles are in the U.S., while 29,953 are in Canada. Sony's 'MLB The Show' video game series will be available on additional console platforms beyond PlayStation as early as 2021. Currently, the game series is exclusive to PlayStation. 'MLB The Show' is the MLB's officially licensed simulation baseball video game series. San Diego Studio has been creating the officially licensed baseball video games enjoyed by fans for more than 20 years.
Follow RTT