NORDEX SE : Sharp upturn in installations expected in H2 and several options on the table to refinance 2018-2023 bond debt
>Weak Q1 results, as expected - Nordex reported its Q1 2022 results yesterday morning. They had initially been scheduled for 12 May but had to be delayed until 21 June due to a cybersecurity incident at end-March. Consolidated sales dropped by 25.4% to € 933m, reflecting weaker business levels; this resulted from a planned shift in production to different blades and weather-related decline in installations. In Q1 2022, Nordex installed 197 turbines in 12 countries fo...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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