Nordex records 15.7% YoY surge in sales
ECONOMY & POLICY

Nordex records 15.7% YoY surge in sales

Germany-based wind turbine manufacturer Nordex Group reported ~$4.8 billion in sales during the first nine months (9M) of 2023, a year-over-year (YoY) increase of 15.7% from $4.2 billion.

Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) were recorded at a loss of $72.6 million, an improvement of 66.7% YoY. Nordex recorded a net loss of $364.5 million, an improvement of roughly 10% from $405.9 million in 9M 2022.

The Nordex Group experienced a modest uptick in turbine production, raising its output from 4.9 GW in the prior year to 5 GW. The overall manufacturing quantity of rotor blades held steady at 3,358 units, compared to 3,357 blades in 9M of 2022.

Within this total, the company manufactured 802 blades in its facilities, a slight decrease from the 879 blades produced in 2022. Additionally, the company procured 2,556 blades from external suppliers, marking an increase from the 2,478 blades sourced during 9M of 2022.

In 9M 2023, the Nordex Group successfully deployed 1,090 wind turbines across 24 countries, boasting a collective capacity of 5.5 GW. This marked a significant increase from the same period in 2022, when 791 wind turbines were installed in 17 countries, generating a total output of 3.6 GW.

Europe led the way in installations, constituting 61%, followed by Latin America at 25%, and North America and the rest of the world at 7% each.

The installations contributed to the projects segment?s revenue, amounting to $4.3 billion during the reporting period, reflecting growth from the $3.8 billion recorded in 9M of 2022.

Germany-based wind turbine manufacturer Nordex Group reported ~$4.8 billion in sales during the first nine months (9M) of 2023, a year-over-year (YoY) increase of 15.7% from $4.2 billion. Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) were recorded at a loss of $72.6 million, an improvement of 66.7% YoY. Nordex recorded a net loss of $364.5 million, an improvement of roughly 10% from $405.9 million in 9M 2022. The Nordex Group experienced a modest uptick in turbine production, raising its output from 4.9 GW in the prior year to 5 GW. The overall manufacturing quantity of rotor blades held steady at 3,358 units, compared to 3,357 blades in 9M of 2022. Within this total, the company manufactured 802 blades in its facilities, a slight decrease from the 879 blades produced in 2022. Additionally, the company procured 2,556 blades from external suppliers, marking an increase from the 2,478 blades sourced during 9M of 2022. In 9M 2023, the Nordex Group successfully deployed 1,090 wind turbines across 24 countries, boasting a collective capacity of 5.5 GW. This marked a significant increase from the same period in 2022, when 791 wind turbines were installed in 17 countries, generating a total output of 3.6 GW. Europe led the way in installations, constituting 61%, followed by Latin America at 25%, and North America and the rest of the world at 7% each. The installations contributed to the projects segment?s revenue, amounting to $4.3 billion during the reporting period, reflecting growth from the $3.8 billion recorded in 9M of 2022.

Next Story
Resources

REHAU acquires 1.05-acre land in Sri City

REHAU, the global polymer solutions provider, has acquired 1.05 acres of industrial land in Sri City, Andhra Pradesh, marking a key milestone in its expansion strategy in India. The land, secured on a 99-year lease, is located adjacent to the RED Star Polymers facility and will support scaling up the company’s manufacturing operations.This acquisition closely follows REHAU’s majority stake purchase (51 per cent) in RED Star Polymers Pvt Ltd, a PVC edgeband manufacturer, reinforcing its long-term commitment to the Indian market. The site offers strategic advantages in proximity, infrastruct..

Next Story
Resources

BSH unveils Bosch and Siemens brand store in Kolkata

BSH Home Appliances, a subsidiary of BSH Hausgeräte GmbH and global leader in premium home appliances, has launched its first exclusive Bosch and Siemens brand store in Kolkata. Located in the upscale Dhakuria neighbourhood, the store signifies BSH’s strategic push in East India, a region where it has recorded a 26 per cent CAGR between 2019 and 2025.Spanning 1,450 sq ft for Bosch and 850 sq ft for Siemens, the new showroom is operated in partnership with Multi-Channel Electronics. It offers customers a hands-on experience of BSH’s latest innovations, including AI-enabled ovens, high-capa..

Next Story
Products

Trusted Termite Solutions

Envu’s Premise, formulated with Imidacloprid 30.5% SC, is India’s only termiticide validated by CBRI and GreenPro. This non-repellent soil treatment eliminates entire termite colonies effectively. Trusted by architects, builders, and pest control professionals, Premise ensures long-lasting protection with a proven safety and performance profile.Contact: Envu IndiaWebsite: www.envu.com..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?