Press Release
Publisher: Nordex SE
Nordex Group: preliminary annual figures for 2023 confirm guidance
- Consolidated sales increase to EUR 6.5 billion
- 2023 EBITDA margin reaches break-even
- Working capital ratio at minus 11.5 percent
© Nordex SEHamburg (renewablepress) - 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.
About the Nordex Group
The Group has installed around 44 GW of wind energy capacity in over 40 markets and generated revenues of EUR 6.5 billion in 2023. The Company currently employs a workforce of approx. 10,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States (mothballed), India, and Mexico. The product portfolio is focused on onshore turbines in the 4 to 6.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.
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Hamburg, 12 February 2024
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About Nordex SE
The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.
The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).
Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.
Press contact at Nordex SE
Felix Losada
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141