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.
  • TickerA0D655
  • ISINDE000A0D6554
  • SectorAlternative Energy
  • CountryGermany

Analysts

Anis Zgaya ...
  • Khaled Ben Amor

NORDEX SE : H2 expected much stronger. Buy and target price of € 16.0 reiterated

>H1 2019 weak as expected but H2 will likely be much stronger - Nordex published its H1 2019 results this morning. As expected, the H1 results were weak, due to low installations in H1. Sales came in at € 991m, up by +3% (ODDO BHF est.: € 940m and consensus est.: € 983m). EBITDA totalled € 17m (ODDO BHF est.: € 15m and consensus est.: € 13m). EBIT came in at -€ 50m (ODDO BHF est.: -€ 49m) and EBIT adjusted for PPA was -€ 37.7m, in line with our estimates (-€ 35m) a...

Anis Zgaya ...
  • Khaled Ben Amor

NORDEX SE : H2 expected much stronger. Buy and target price of € 16.0 reiterated

>H1 2019 weak as expected but H2 will likely be much stronger - Nordex published its H1 2019 results this morning. As expected, the H1 results were weak, due to low installations in H1. Sales came in at € 991m, up by +3% (ODDO BHF est.: € 940m and consensus est.: € 983m). EBITDA totalled € 17m (ODDO BHF est.: € 15m and consensus est.: € 13m). EBIT came in at -€ 50m (ODDO BHF est.: -€ 49m) and EBIT adjusted for PPA was -€ 37.7m, in line with our estimates (-€ 35m) a...

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