Hamburg (dpa -AfX) – The wind turbine manufacturer Nordex has significantly improved its profitability in the second quarter. The result before interest, taxes and depreciation (EBITDA) rose by 64.3 percent to EUR 108.2 million, as the company announced on Monday in Hamburg. The corresponding margin rose from 3.5 to 5.8 percent. The bottom line was that Nordex made significantly more profit with 31 million euros than in the previous year. At that time, 0.5 million euros were still available. The turnover was 1.9 billion euros at the previous year’s level. The numbers were a little better than expected from analysts on average.
Thanks to an order stock of 14.3 billion euros (end of June), CEO José Luis Blanco was “confident for the further course of the year”. He confirmed the company’s forecast for 2025. Hamburg continues to expect sales of 7.4 to 7.9 billion euros and an operational margin (EBITDA) of five to seven percent. In the medium term, Nordex continues to be eight percent./Nas/men
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