Nordex makes modest comeback with solid annual report

On top of a dramatic share decline last week, Nordex presented a strong 2016 annual report Wednesday. However, prospects for the coming years are still a cause for concern.

Photo: PR Nordex

A steady stream of cash flowed into Germany's Nordex during 2016 – more money than during the year prior. Yet this does not change the fact that the company faces a few more challenging years.

This is the gist of the situation after the German wind turbine manufacturer presented its 2016 annual report Wednesday morning (CET). This report arrives just a few days after Nordex announced weak projections for 2017 and 2018 last week, triggering a dramatic decline in the share price for the company.

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