EnergyWatch

Nordex sees signs of actual price increases

Despite announcements of everything going according to plan, the German wind turbine manufacturer is in a free fall dive.

Everything is going according to plan. Indeed. This year's result will likely end in the lower end of previous guidance between EUR 2.4-2.6 billion in revenue and an EBITDA margin of 4.5 percent. But the company's turnaround is charging full speed ahead in regard to, among other things, its supply chain, while there is growth in both the service division and order intake – now at 3.1 GW for the whole year and ahead the always-busy fourth quarter.

That was Nordex' announcement in connection with the release of its Q3 interim report. The only problem was that the market did not buy the optimistic message and instead took note of elements such as a persisting bottom line deficit, which for the quarter came to around EUR 11 million. There was also some mention of a negative estimation of the full year outlook, even though the figures are the same.

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