Nordex' prices have gone up considerably

Nordex’ share price goes up following quarterly report despite sagging order intake.
Photo: Nordex
Photo: Nordex
BY MARKETWIRE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Friday morning, German turbine manufacturer Nordex has released figures for order intake and sales prices in the third quarter.

While the order intake has seen a decline compared to Q3 2021, prices have shot up.

”The average selling price (ASP) in euros per megawatt of output increased significantly to EUR 0.90m/MW (Q3/2021: EUR 0.69m/MW),” Nordex reports in a press release.

This marks a 30% increase in prices year-over-year.

Orders have been few and far between in the third quarter, as has been the case for competitor Vestas.

In Q3, Nordex received orders for 227 turbines with a total capacity of 1,441MW, while the same period last year brought in orders for 389 turbines with a capacity of 1,829MW.

”We recorded a solid order intake in the third quarter and this in a challenging environment,” says Chief Executive Officer of Nordex José Luis Blanco in the release.

The Nordex share price is up by 4.8% at the Frankfurt stock exchange around 09:30 CEST.

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