NORDEX SE : 2022 should benefit from the ramp-up in India but also from favourable momentum on the group’s main markets
>Very heavy impact of COVID-19 on 2020 offset by the capital gain on the sale of the portfolio of projects to RWE - As we underscored in our previous notes, like all of its competitors, the group has been adversely affected by COVID-19 over 9M 2020. This impact is around € 260m over 9M and will likely be in the region of € 300m over full-year 2020. The impact of COVID-19 on the 2020 results will be offset by the capital gain on the sale of the portfolio of projects...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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