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Nordex expects negative working capital in 2019
Nordex Gets New Orders Totalling 248 MW In Turkey
Nordex 9-mth EBITDA Down At EUR 60.2 Mln, Outlook Confirmed
Nordex SE is a Germany-based holding company that, along with its subsidiaries, develops, manufactures and distributes wind power systems, specializing in wind turbines, in Germany and other countries. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. In addition to the development and production of wind power systems, the Company also provides preliminary project development services to support marketing, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. The Company is active in project development in almost four markets: France, Poland, Sweden and America. The Company has offices and subsidiaries throughout the whole world and production facilities in Germany, China and the United States. The Company holds stake in other companies, including Beebe Wind LLC, Big Berry Wind Farm LLC, Flat Rock Wind LLC and Green Hills Wind LLC, among others.
Misc. Capital Goods
Langenhorner Chaussee 600
Wolfgang H. Ziebart
Chairman of the Supervisory Board
Jose Luis Blanco Dieguez
Chairman of the Management Board, Chief Executive Officer
Juan Muro-Lara Girod
Deputy Chairman of the Supervisory Board
Chief Financial Officer, Member of the Management Board
Chief Sales Officer, Member of the Management Board
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German wind turbine maker Nordex <NDXG.DE> fell further into the red in January-September, it said on Wednesday, while its negative free cash flow nearly doubled due to increased investments in rotor blade production in Mexico and Spain.
Spanish renewable energy producer Acciona <ANA.MC> has increased its bet on the wind turbine industry, launching a bid for Nordex <NDXG.DE> that values the German turbine maker at more than 1 billion euros ($1.2 billion).
German wind turbine maker Nordex on Tuesday said it had launched a 10% cash capital increase through a private placement to its anchor shareholder Acciona, raising 99 million euros ($9.88 million) in new equity.
German wind turbine maker Nordex <NDXG.DE> on Wednesday reported a 29% jump in orders in the six months of 2019, supporting expectations for a strong second half and sending its shares sharply higher.
German wind turbine maker Nordex on Wednesday kept its forecast for a core operating margin of 3-5% after profits more than halved in the first half, saying it expected business to pick up considerably in the remainder of the year.
Croatia's state-run HEP has signed a deal with wind turbine maker Nordex <NDXG.DE> on Thursday for it to supply turbines for the power utility's first wind farm.
* DGAP-NEWS: RIVE PRIVATE INVESTMENT AND MIROVA ACQUIRE A 60 MW WIND PROJECT IN FRANCE FROM NORDEX
Jan Klatten, the husband of Germany's richest woman, has slightly increased his stake in German wind turbine maker Nordex <NDXG.DE>, according to a regulatory filing published by the company on Wednesday.
Wind turbine maker Nordex on Tuesday forecast a recovery in Germany, its largest market by sales, by 2020, helped by easing pricing pressure, efficiencies and an expected pick-up in demand.
Germany's Nordex <NDXG.DE>, the world's sixth-largest wind turbine maker, said on Tuesday it had secured three contracts in the United States worth a combined about 820 megawatts (MW) in power capacity.
Wind turbine makers Nordex SE and Siemens Gamesa Renewable Energy SA are vying for contracts with companies that won major auctions last week to build new wind farms in Brazil, two people with knowledge of the matter said.
German wind turbine maker Nordex <NDXG.DE> has slashed its sales forecast for 2017, joining rivals in saying an industry shift towards awarding orders via auctions is hitting margins and demand in its core European market.
* Ceo says our view is that the production tax credit in the u.s. Market will remain untouched
Nordex Chief Executive Lars Bondo Krogsgaard will step down at the end of March, taking responsibility for a loss of confidence among investors after the wind turbine maker slashed its financial targets last month.
* Shares rise 5.5 pct to top of TecDAX (Adds CEO comments, further details, share price)
German wind turbine maker Nordex is buying Denmark's SSP Technology A/S, a maker of moulds needed to produce rotor blades, hoping this will help it lower component costs in a key area of production.
German wind turbine maker Nordex does not expect U.S. incentive schemes for wind energy to change by the end of the decade, its chief executive said, adding it was less clear what the election victory of Donald Trump meant in the long-term.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.