NORDEX SE : Capital structure overhaul could be seen in coming months
Revenue rose by 9.6% to € 1,943m in 9M 19 (9M 18: € 1,773m). The turbine business revenue improved by 9.3% to € 1,658m in 9M 19 (9M 18: € 1,517m) and the service segment rose by 11.1% to € 287.1m in 9M 19 (9M 18: € 258.4m). But Nordex is still far behind the guidance. A very sharp rise in installation activity – which is down by 8.9% yoy in 9M 19 – is expected in Q4 19. On the other side, turbine order intake rose by a splendid 54% to 4,742 MW in 9M 19 (9M 18: 3,070 MW). The new ...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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