NORDEX SE : Adjustment to our estimates after the profit warning on 2021 and 2022
>Preliminary 9M 2021 results and profit warning on 2021 and 2022 - Nordex announced on Monday evening, after trading, its preliminary figures for 9M 2021. They included a warning on 2021 and 2022 profits due to the impact of mounting inflationary pressures, particularly the current instability on the logistics markets, as well as other scars from the Covid pandemic that were much more marked than expected in H2. As regards the Q3/9M results, the group anticipates 9M s...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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