NORDEX SE : Guidance is relatively reassuring in a context marked by uncertainty!
>2021 EBITDA margin at 1% as expected - Nordex reported its FY 2021 results yesterday morning. The group published sales of € 5.44bn (ODDO BHF and consensus at € 5.2bn) and EBITDA of € 52.7m (ODDO BHF at € 58m and consensus € 57m), namely an EBITDA margin of 1% in line with forecasts and the group’s adjusted guidance. Reported EBIT came to -€ 107m (-€ 98m adjusted for impairments) vs -€ 83m expected by the consensus. Net profit totalled -€ 230m vs -€ 132m forecast by...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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