NORDEX SE : 2019 a year of transition and 2020 a year of recovery
>No major surprises in this release - Yesterday morning Nordex reported Q3 2018 results that contained no major surprises. Q3 sales totalled € 816m (€ 747m forecast by the consensus), EBITDA came in at € 33m (consensus at € 29m and Oddo BHF at € 35m) and EBIT at -€ 3m (consensus at -€ 6m and Oddo BHF at -€ 3m). The Q3 reported net loss totalled -€ 11m (consensus at -€ 11m). As expected, Q3 sales increased significantly relative to the two previous quarters and there w...Nordex is a holding company. Co. is a supplier of multimegawatt onshore wind turbines for locations characterised by strong, medium and light wind conditions. Co. focuses on developing and producing the entire system including the control software as well as the main core components and on providing related services. This mainly refers to the sale of wind power systems and, in selected markets, the upstream wind farm project development and sale of turnkey solutions. In addition, Co. assembles wind turbines and provides the necessary after-sales service. Co.'s finance department also supports customers to raise project finance via national and international commercial banks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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