NORDEX SE : Better-than-expected Q3 margins and FY EBITDA margin expected to be closer to the top end of the guidance range
>Q3 below expectations in absolute Sales and EBITDA figures but better than expected margins - Nordex published its Q3/9M 2024 results which were below expectations in absolute Sales and EBITDA figures but above in EBITDA margins. In Q3 the group generated consolidated sales of € 1,671m, down 3% vs the FactSet consensus at € 1,928m. EBITDA was € 72m, i.e. a margin of 4.3% vs our and consensus expectations at € 77m, i.e. 4.0% margin. EBIT came in at € 28m (Q3 deprecia...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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