NORDEX SE : Confirmation of targets despite persistent uncertainty
>Q2 2021 results ahead of expectations - Nordex yesterday morning reported Q2 2021 results ahead of our expectations and the FactSet consensus. Sales came in at € 1,445m (+33%), topping our estimate of € 1,230m and the consensus forecast of € 1,290m, which reflects a higher level of activity than over the corresponding period of the previous year. In Q2 2021, Nordex increased its installations, installing 419 wind turbines with a total capacity of 1,600 MW (vs 1,200 M...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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