- Published: 05 March 2021 05 March 2021
The Nordex has presented its preliminary figures for the 2020 financial year. The Company lifted consolidated sales by 41.6 percent to EUR 4.6 billion (previous year: EUR 3.3 billion), slightly above the forecast figure of approximately EUR 4.4 billion.
Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at EUR 94.0 million, down 24.1 percent year-on-year (previous year: EUR 123.8 million). This results in an EBITDA margin of 2.0 percent (previous year: 3.8 percent).
The Nordex Group invested EUR 162.9 million during the year under review, which was slightly less than both the forecast capital expenditure figure of EUR 170 million and the previous year’s volume of EUR 172.5 million. Capital expenditure mainly focused on the establishment and expansion of rotor blade production in Mexico, India and Brazil and the procurement of production, installation and transportation equipment.
In financial year 2020, the Nordex Group achieved order intake in excess of 6.0GW. Europe accounted for 62 percent, and North America and Latin America for 19 percent each.