Wind turbine manufacturer Nordex reports a 25% increase in H1 2024 sales to €3.4bn and raises EBITDA margin guidance to 3-4% from 2-4%.
Wind turbine manufacturer Nordex reported a 25% increase in H1 2024 sales at €3.4bn compared to H1 2023, and an EBITDA margin of 3.4% in the first half of 2024, up from a loss of 3.3% in H1 2023. The company revised its guidance for the current financial year, expecting an EBITDA margin of 3-4%, up from the initial range of 2-4%. Sales expectations remain between €7-7.7bn, with capital expenditure of around €175m.
July 25, 2024
3 Articles