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.

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

Nordex deficit doubles in 2022

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