---
title: "Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19 - PES - Power & Energy Solution"
description: "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, [...]"
---

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# [Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19 - PES - Power & Energy Solution](https://pes.eu.com/press-releases/nordex-group-half-year-sales-rise-to-eur-2-billion-earnings-impacted-by-covid-19)

 Written by [Admin](https://pes.eu.com/press-releases/author/admin) | Aug 13, 2020 11:00:00 PM

- **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).

[View full post](https://pes.eu.com/press-releases/nordex-group-half-year-sales-rise-to-eur-2-billion-earnings-impacted-by-covid-19)

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