Report
Anis Zgaya

NORDEX SE : Guidance rassurante mais l’impact du COVID-19 est à surveiller

>Un carnet de commandes au plus haut historique - En 2019, le groupe Nordex a installé 938 éoliennes (vs 828 en 2018) dans 21 pays avec une capacité totale de 3.1 GW (vs 2.5 GW en 2018). Le groupe a commencé l'année 2020 avec un carnet de commandes bien rempli à 5.5 Md€, soit une hausse de 43% par rapport à l'année précédente et un book to bill à 1.53x. A fin 2019, le groupe Nordex disposait de liquidités de 510 M€ (610 M€ à fin 2018) ce qui fait ressortir une dette n...
Underlying
NORDEX SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anis Zgaya

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