NORDEX SE : Margins are recovering but the tone is still very cautious
>Publication confirms return to breakeven in Q2 after a very challenging Q1 - Nordex yesterday published its preliminary H1 2023 results. Sales totalled € 2.75 billion, up by 29.5% vs. the FactSet consensus estimate of € 2.5 billion. EBITDA came in at € -114 million (vs. € -173 million in H1 2022), corresponding to an EBITDA margin of –4.2%, which is well above the estimated -4.5%. Hence, EBITDA returned to breakeven in Q2, as forecast (EBITDA at €0.6 million) and th...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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