- Sales just shy of EUR 1.8 billion in the first nine months of 2018
- EBITDA margin of 4.0 percent achieved
- Order intake rises to 3.1 GW
- First orders placed for Delta4000 product series
- Q3 2018 in line with expectations; FY 2018 guidance narrowed at the lower end of the range
Hamburg, 13 November 2018. The Nordex Group (ISIN: DE000A0D6554) today announced consolidated sales of EUR 1,772.9 million for the period ended 30 September 2018 (9M/2017: EUR 2,319.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 71.4 million (9M/2017: EUR 181.9 million), resulting in an EBITDA margin of 4.0 percent (9M/2017: 7.8 percent).
In the Service segment, Nordex increased sales by 13.6 percent from EUR 227.5 million to EUR 258.4 million to remain on track for growth. As expected, sales in the Projects segment fell by 27.6 percent year-on-year to EUR 1,517.0 million in the period under review (9M/2017: EUR 2,099.8 million).
Orders and production
In the third quarter of 2018, the Nordex Group generated order intake of 974 MW in the Projects segment, a substantial increase on the 209.7 MW recorded in the same three-month period in 2017. This shows that the global positioning of the company continues to have a positive effect on new business. As a result, total new orders placed with the Nordex Group in the first three quarters rose to 3.1 GW (9M/2017: 1.1 GW).
