logo
Plus   Neg
Share
Email

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
Shares of EVERTEC, Inc. (EVTC) saw a rise in trading volume to 536 million on Friday, vs. average trading volume of 366 million. The electronic payments company has gained prominence, because of its unique focus on Latin America, where rising cash-to-card conversion is fueling growth for the electronic... Fast food giant McDonald's fired an Australian franchisee, who owns two of its restaurants, over a video that showed him and a companion making racist comments against Aborigines. The company took control of the restaurants in Victoria from Robert Vigors, who made the racist rants at the home of neighbor Robby Wirramanda, an Indigenous artist. The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS warned against certain chicken soup products imported from Canada due to misbranding and the presence of allergens. The warning letter was issued after the Canadian Food Inspection Agency or CFIA notified FSIS that Canada-based Canyon Creek Soup Co. Ltd. has recalled its chicken soup products.
Follow RTT
>