NORDEX SE : Tone still cautious due to volatile supply situation
>Higher prices the one consolation in a tough year in 2022 - Nordex on Friday reported its audited accounts for 2022, confirming the preliminary results posted on 9 March 2023. Consolidated revenues grew by 4.6% to € 5.7bn. EBITDA amounted to -€ 244.3m vs € 52.7m in 2021, or a margin of -4.3% vs 1% in 2021. The Q4 margin came to -1% after -1.5% in Q3. The group ended the year with cash and cash equivalents of € 633.5m vs € 784m at end-2021, while its net cash amounte...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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