After the “transition year” of 2023, Nordex wants to generate a positive operating margin and higher sales this year.
The company, which is listed in the MDAX and TecDAX, announced this when it published its full annual figures. In 2023, Nordex was once again in the red.
After strengthening its balance sheet and thanks to good incoming orders, Nordex has “a solid starting position for 2024 and beyond,” said CEO José Luis Blanco. “It remains important for us that the political framework and supply chains remain reliable in the long term so that we can process our order backlog efficiently.” The order backlog at the end of 2023 was 10.5 billion euros.
Sales are expected to increase to between 7.0 and 7.7 billion euros this year. The EBITDA margin should be 2.0 to 4.0 percent. The second half of the year is likely to be stronger overall. Nordex wants to invest 175 million euros. In the medium term, the group wants to achieve an EBITDA margin of 8 percent.
In the past year, Nordex achieved – as has been known since mid-February – a small operating profit before interest, taxes, depreciation and amortization (EBITDA) of 2.0 million euros and thus reached break-even on a full-year basis. The EBITDA margin was zero, down from minus 4.3 percent – almost in the middle of the expected corridor of minus 2 to plus 3 percent.
Sales rose by 14 percent to almost 6.5 billion euros, exceeding the upper end of the forecast range of 5.6 to 6.1 billion euros.
The bottom line was a loss of 290 million euros after a deficit of almost 500 million euros in the previous year.
FRANKFURT (Dow Jones)
Selected leverage products on Nordex
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Nordex
The leverage must be between 2 and 20
Advertising