Nordex, the German wind turbine maker, revealed that its consolidated gross sales rose 24.9% to almost 4 billion euros ($ 4.6 billion) within the first 9 months of 2021.
In a declaration, the group mentioned earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) amounted to 100.7 million euros, up from 70.8 million euros realized in the identical interval l final 12 months.
However he admitted that monetary efficiency had been “considerably affected” by the sharp rise in commodity and delivery prices.
Because of this Nordex has revised its expectations for the entire of 2021, with consolidated gross sales now anticipated between 5 and 5.2 billion euros, with an EBITDA margin of round 1%.
He blamed this on a “very unstable macroeconomic atmosphere” dominated by substantial will increase within the prices of uncooked supplies and transport, in addition to momentary disruptions within the provide chain.
“Nonetheless, the group intends to beat the present challenges and continues to focus on its strategic goal of reaching an EBITDA margin of 8% within the medium time period, as soon as the exterior markets have typically stabilized and the interval of value value adjustment and of sale costs ended. , he added.
Industrial investments ought to stay steady at round € 180m, whereas the speed of working capital requirement as a proportion of consolidated gross sales ought to be lower than 6% on the finish of the 12 months.
Nordex primarily attributed the gross sales progress within the first 9 months to a big improve in set up figures and elevated manufacturing in its tasks phase.
He mentioned order consumption on this phase, excluding companies, elevated from 3.8 GW to 4.6 GW. This corresponds to a price of three.2 billion euros, in comparison with 2.6 billion euros for the primary 9 months of 2020.
Common supervisor José Luis Blanco mentioned there was a robust demand for the merchandise, with bold local weather targets in lots of nations, which implies that the outlook stays very vibrant.
“Renewable vitality sources, together with onshore wind energy, are extensively accepted and kind an essential a part of the vitality transition,” he mentioned.
He mentioned the primary precedence was to “transfer ahead effectively” whereas managing the extraordinarily excessive prices of uncooked supplies and logistics, because the unstable atmosphere is anticipated to stay for a while.
Set up output
Based on the assertion, Nordex once more elevated the ability of its facility within the first 9 months of 2021, putting in a complete of 1,216 wind generators in 22 nations with a complete capability of 4,858 MW.
Europe accounted for slightly below 57% of installations and non-European markets round 43%.
“Gross sales within the Companies phase continued to develop steadily, up 4.2% to € 331.8 million on the finish of September,” he provides. This determine is larger than the 318.3 million euros recorded in the identical interval final 12 months.
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