Nordex multiplies its losses by more than four in the first half, to 283.2 million

MADRID, 15 Ago. (EUROPA PRESS) -

Nordex registered losses of 283.2 million euros in the first half of the year, which means multiplying by more than four the 'red numbers' of 63.7 million euros in the same period of the previous year, due to the fall in the facilities and the indirect effects of the pandemic and the war in Ukraine, reported the German wind turbine manufacturer participated by Acciona.

The group placed its gross operating profit (Ebitda) at a negative balance of 173.3 million euros at the end of the period, compared to profits of 68.4 million euros in the first half of 2021. The gross operating profit margin on sales was -8.1% in the period.

Nordex highlighted that its commercial performance in the period from January to June this year was "in line with expectations", with sales falling to 2.1 billion euros due to the decline in installations, compared to 2.7 billion euros. turnover in the same period last year.

Despite this challenging environment, the group confirmed its guidance for 2022 of revenue between €5.2bn and €5.7bn and a gross operating profit margin on sales between -4% and 0%. In the medium term, it is targeting a gross operating profit margin of 8%.

The company, owned around 40% by Acciona, increased its order intake in the Projects segment -that is, excluding Services- by 7.9%, up to three gigawatts (GW) in the first six months, which corresponds to new orders worth 2,357 million euros.

Of this order intake, 70% of the megawatts correspond to Europe, while 23% come from Latin America and 7% from North America.

At the end of the first half of the year, the order book of the Nordex group increased considerably, by 26%, to 9.7 billion euros.

The CEO of the company, José Luis Blanco, considered that, "given that the markets continue to be challenging", the commercial performance of the manufacturer in the second quarter "was as expected".

"In this environment, however, we were able to significantly strengthen our capital structure. We continue to see a strong order book and we have a competitive product portfolio. Therefore, we are confident that we will benefit from the positive growth prospects of our industry as we move forward." medium term," he said.