- Published: 12 August 2021 12 August 2021
The Nordex Group has announced year-on-year growth in sales and earnings before interest, taxes, depreciation and amortization (EBITDA) in the first half of 2021. Sales rose to EUR 2.7 billion (H1 2020: EUR 2.0 billion).
Gross revenue, which also includes changes in inventories, rose by almost 17 percent to EUR 2,324.5 million (H1 2020: EUR 1,990.0 million). The impact of the COVID-19 pandemic on the operating business only had a limited influence on the Group’s positive performance in the second quarter. However, the indirect effects of the pandemic were still clearly evident in the upheaval in the raw materials and logistics markets. Against this backdrop, EBITDA amounted to EUR 68.4 million (H1 2020: EUR -70.8 million). This corresponds to an EBITDA margin of 2.5 percent (H1 2020: -3.5 percent).
The Nordex Group increased its order intake in the Projects segment (excluding services) by 9.9 percent to 2.8 GW in the first six months of 2021 (H1 2020: 2.5 GW); this corresponds to a value of EUR 1,961.7 million after EUR 1,805.9 million in the previous year. Of this order intake (in MW), 71 percent was attributable to Europe and 29 percent to Latin America. At the end of the first half of the year, the Nordex Group’s order book amounted to EUR 7.7 billion (H1 2020: EUR 8.1 billion), which consisted of EUR 4.8 billion (H1 2020: EUR 5.4 billion) in the Projects segment and EUR 2.9 billion (H1 2020: EUR 2.7 billion) in the Service segment.
The Company increased its production in turbine assembly by 5.3 percent in the first half of 2021, from 2,948 MW in the first half of the previous year to 3,105 MW. The number of rotor blades produced by the Group’s own plants rose year-on-year to 819 units (H1 2020: 623 units). The Nordex Group also procured 1,209 rotor blades from external suppliers (H1 2020: 1,215 rotor blades).
The Nordex Group continued to increase its installation output in the first six months of 2021, installing 775 wind turbines in 21 countries with a total output of 3.0 GW (previous year: 610 wind turbines in 22 countries with a total output of 2.1 GW). Of the installations (in MW) carried out in the period under review, 54 percent were attributable to Europe, 15 percent to North America, 18 percent to Latin America and 13 percent to the “Rest of the World” region.
The Nordex Group is maintaining its guidance for the current financial year of achieving consolidated sales of EUR 4.7 to 5.2 billion and an EBITDA margin of 4.0 to 5.5 percent.