News Digest Item
11 Nov 2016

“Nordex battles headwind”


German wind turbine manufacturer Nordex said Thursday in its 9-month interim statement that sales in 2016 would be "at the lower end of the previously defined range of 3.35-3.45 billion euros," due to project delays. This "will cause the full-year EBITDA margin to shrink," the company said, to 8.3% instead of the 8.7% originally projected. Franz Hubik in the business daily Handelsblatt wrote that during trading on Thursday, the company's stock price fell by as much as 9%, and is down 40% this year.

Read the article in German here and find the interim report in English here.

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