- Published: 14 August 2018 14 August 2018
The Nordex Group has generated sales of € 957.1 million in the first six months of 2018 (H1 2017: € 1,501.1 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled € 38.4 million (H1 2017: € 117.5 million), resulting in an EBITDA margin of 4.0 percent (H1 2017: 7.8 percent).
In the Service segment, Nordex increased sales by 7.7 percent from € 150.2 million to € 161.8 million. Sales in the Projects segment fell by 41 percent year-on-year to € 797.1 million during the period under review (H1 2017: € 1,356.5 million).
The Nordex Group generated order intake of 2.1GW in the Projects segment during the first half of 2018 (H1 2017: 0.9 GW), including 1.1GW in the second quarter (Q2 2017: 0.6GW). Of this order intake, 1,091MW (H1 2017: 210MW) related to Latin America, 751MW (H1 2017: 399MW) to Europe, 113MW (H1 2017: 258MW) to North America and 142MW (H1 2017: 66MW) to the rest of the world. The strongest individual markets in America were Brazil, Mexico and the USA, while in Europe it was France, Turkey and Sweden.
In the first half of 2018, Nordex installed 303 wind turbines with total output of 934.4MW (H1 2017: 1,128.6MW) in 13 countries. Europe accounted for around half of this installation volume. Turbine assembly output totalled 794MW in the second quarter after 347MW in the previous quarter, while the Company produced 264 rotor blades compared with 180 units in the first quarter.