NORDEX SE : Rather too many headwinds!
>Profit warning driven by several factors that are more non-recurrent - Nordex yesterday evening issued a profit warning on 2022. The group now sees sales of € 5.2bn to € 5.7bn, vs € 5.4bn to € 6.0bn previously, and an EBITDA margin of between -4% and 0%, vs 1.0% and 3.5% previously. Our expectations and those of the consensus are at respectively € 5.7bn and € 5.6bn for sales and 2.2% and 2.0% at the EBITDA margin level. The consensus is thus set to adjust its sales ...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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