Nordex Group Kicks Off Year with Strong Sales Growth, 3.3% EBITDA Margin; Affirms Full-Year Outlook

• Nordex Group reported solid sales growth and an EBITDA margin of 3.3% at the start of the year
• The company's sales reached EUR 1,574 million, a 29% growth from Q1/2023's EUR 1,217 million
• EBITDA for the first quarter amounted to EUR 52.1 million, a significant improvement from Q1/2023's minus EUR 114.9 million
• Nordex Group erected 227 wind turbines in 13 countries with an aggregate output of 1,103 MW in the first quarter of 2024
• Order intake grew to EUR 1,765 million, with total nominal output increasing to 2,086 MW
• The total order book for both the Projects and Service segments came to EUR 11.1 billion, up from Q1/2023's EUR 9.9 billion.

The next important date, Publication of quarterly financial report (as of Q1), at Nordex is on 14.05.2024.

The price of Nordex at the time of the news was 14,555EUR and did not change compared to the previous day.
13 minutes after the article was published, the price was 14,625EUR this corresponds to a plus of +0,48 % since publication.
At this time, the index MDAX was at 26.808,84PKT (+0,12 %).

Nordex

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ISIN:DE000A0D6554WKN:A0D655

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