Nordex lowers expectations in relaunched forecast

German wind OEM Nordex Monday evening CET reintroduced 2020 guidance, albeit downgraded from the original outlook from the beginning of the year.

Photo: Nordex

The Nordex group expects to book full-year revenue of EUR 4.4 billion as well as an operating margin in EBITDA of 2 percent, or around EUR 88 million.

Moreover, the wind turbine manufacturer presents a strategic goal for 2022 to reach revenue of EUR 5 billion, eying a profit margin coming to 8 percent.

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