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Nordex and Senvion squeezed on profits

Neither Nordex nor Senvion managed to achieve impressive profit margins in the first quarter.

BY RITZAU FINANS

Germany's Nordex, a rival to Danish player Vestas, improved the top line in the three first months of 2017, but the company is pulling less money out of the higher sales.

Nordex' revenue rose by 1.8 percent to EUR 646.4 million in the first quarter, while the operating profit before and after impairments, EBITDA, dove 13.4 percent to EUR 51.2 million.

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