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Nordex Group: preliminary annual figures for 2023 confirm guidance

Hamburg, 12. February 2024. The Nordex Group (ISIN: DE000A0D6554) today published preliminary results for fiscal year 2023 and confirms its guidance for the year. According to these preliminary results, the Company recorded increased consolidated sales of EUR 6.5 billion (previous year: EUR 5.7 billion) and exceeded the upper end of the forecast range of EUR 5.6 to 6.1 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached break-even on a full-year basis at EUR 2.0 million (previous year: minus EUR 244 million). This corresponds to an EBITDA margin of zero percent (previous year: minus 4.3 percent) and is broadly in the middle of the guidance range of minus 2 to plus 3 percent.  

The Nordex Group has improved its working capital ratio in relation to consolidated sales to minus 11.5 percent (previous year: minus 10.2 percent). Thus, the ratio is again clearly below the guided minus nine percent.  

Investments in 2023 amounted to around EUR 131 million (previous year: EUR 205 million) and are therefore well below the forecast figure of around EUR 200 million.

Nordex ended the year with a solid order intake of 7.4 GW (previous year: 6.3 GW) while maintaining stable prices with a promissing order outlook.

“2023 was a transition year with a step-up in the right direction. Looking back, business performance has developed as assumed at the beginning of the year. After a weak start, as expected, we gradually improved each quarter with a stronger second half of the year. Overall, we reached break-even in terms of profitability and now have laid a good foundation for our further business development,” explains José Luis Blanco, CEO of the Nordex Group.

The figures announced with this press release are preliminary. The Nordex Group will publish final and audited results for fiscal year 2023 together with guidance for 2024 on 29 February 2024.