EnergyWatch

Nordex slammed on stock exchange despite Spanish boost

Even though the German turbine manufacturer is doing relatively well after acquiring Spanish Acciona, investors are disappointed in Nordex. So much that the company has lost EUR 700 million in market value since last year.

Photo: Nordex

Listed German turbine manufacturer Nordex SE saw its share price take a steep dive this Thursday when the company presented its third quarter interim report.

On the surface, the results actually looked fine. Nordex increased revenue by 31 percent to a total of EUR 2,339.5 million and improved the operating result by 47 percent to EUR 203.9 million in the first nine months of the year, relative to the same period last year.

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