EnergyWatch

Nordex and Senvion squeezed on profits

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

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Last platform now in position at Tyra site

After completing the voyage from Batam, Indonesia, the process module is now in position in the North Sea. Only one piece is now missing from the reconstruction project at the Tyra site.

Further reading

Related articles

Latest News

See all jobs