German wind turbine manufacturer Nordex narrowed 2023 losses to around €290 million with increased turbine installations and group sales growth of 14% to €6.5 billion.

German wind turbine manufacturer Nordex narrowed its 2023 losses to around €290 million as it reported increased turbine installations and a "strengthened" financial position. Group sales grew by 14% to €6.5 billion, with EBITDA reaching the operating break-even point at €2 million, compared to a loss of €244 million in 2022. For 2024, Nordex expects consolidated sales of €7bn to €7.7bn and an EBITDA margin of 2% to 4%.

February 29, 2024
9 Articles

Further Reading