- Sales double to EUR 2.0 billion in first half of the year
- COVID-19 impacts earnings: EBITDA of EUR -70.8 million
- Installations rise significantly to 2.3 gigawatts
- Syndicated loan from guarantee program to protect Nordex from the effects of COVID-19
- Refinancing of promissory note secured ahead of schedule
- Sale of European project development business agreed
Hamburg, 13 August 2020. The Nordex Group (ISIN: DE000A0D6554) has doubled its sales year-on-year to EUR 2.0 billion in the first half of 2020 (H1 2019: EUR 990.8 million). This rise is due to the significant increase of the activity level. Gross revenue, which also includes changes in inventories, grew to EUR 1,990.0 million (H1 2019: EUR 1,603.6 million). The effects of the COVID-19 pandemic became clearly noticeable in the operational business of the second quarter. As a result, earnings before interest, taxes, depreciation and amortization (EBITDA) fell to EUR -70.8 million (H1 2019: EUR 17.1 million); this corresponds to an EBITDA margin of -3.5 percent (H1 2019: 1.7 percent).
