NORDEX SE : Q1 2020 contained no surprises but 2020 guidance withdrawn
>2020 guidance withdrawn - In a press release issued mid-afternoon yesterday, Nordex announced preliminary Q1 2020 results that were up sharply and better than expected. However, due to the uncertainties related to COVID19, the group has decided to abandon its 2020 guidance. The group considers that the continuing uncertainty regarding the duration and severity of the disruption and its potential impact on the supply chain, production and project execution cannot be r...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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