NORDEX SE : Still solid order intake and valuation remains attractive
>Order intake remains solid - Nordex’s order intake in Q3 is expected to be in excess of 1GW vs 0.88GW in Q2 2020. The main orders already announced by the group to date concern two projects in the US for 297MW and 312MW respectively, a series of projects totalling 227MW in Europe, over 170MW in Colombia, 27.7MW in Brazil and 24MW in Turkey. The bulk of the new orders in Q3 (over 90%) relate to the group’s new generation products which are more profitable than the pr...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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