NORDEX SE : Road to recovery set to be fairly bumpy
>The main points highlighted in our roadshow with Nordex in Paris - Yesterday we organised a roadshow in Paris with the head of IR at Nordex Felix Zander. Unsurprisingly, the questions from investors focused on the risks to the group’s margin recovery in Q4 2023 and 2024, order momentum for the group’s main markets (Europe, US) and the pressure on the competitive environment from Chinese OEMs. Regarding Q4 2023, the risks relate to the high level of inst...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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