NORDEX SE : 2022 EBITDA margin target well above the consensus
>9M results include the capital gain on the disposal of projects to RWE - Nordex announced yesterday evening: 1/ its preliminary results for 9M 2020, the official publication of which is slated for 13 November next; 2/ new guidance for 2020 after the shelving of the old guidance on 5 May last; and 3/ guidance or indications for 2022. Concerning the 9M results, they came in higher than expected with sales of € 3.2bn vs € 3.0bn expected, but the main difference versus ...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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