- Consolidated sales increase to around EUR 3.3 billion
- EBITDA margin reaches 3.8 percent
- Working capital ratio improves further to minus 9.1 percent
- Order intake in 2019 up 31 percent to 6.2 GW
Hamburg, 9 March 2020. The Nordex Group (ISIN: DE000A0D6554) today presented its preliminary figures for the 2019 financial year and confirmed its guidance. The Company increased consolidated sales to EUR 3.28 billion (previous year: EUR 2.46 billion), within the forecast range of EUR 3.2 to 3.5 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose significantly by 21.7 percent to EUR 123.8 million (previous year: EUR 101.7 million). This represents an EBITDA margin of 3.8 percent (previous year: 4.1 percent), which is also within the expected range of three to five percent.
The Nordex Group achieved a working capital ratio as a percentage of consolidated sales of minus 9.1 percent (previous year: minus 3.8 percent). This means that the ratio is well below our target level of under two percent. The high order intake and stringent working capital management had a positive impact on these figures.
In its original guidance, the Nordex Group predicted that it would invest around EUR 120 million during the 2019 financial year. However, the Company said that the final investment amount would depend on the development of the order volume for turbines. In light of the consistently strong order situation, it then raised its forecast to around EUR 160 million in August 2019. The Nordex Group ultimately invested EUR 172.5 million (previous year: EUR 112.8 million) during the year under review, meaning that this figure was at the expected level.
