NORDEX AG ( (NRDXF) ) has released its Q3 earnings. Here is a breakdown of the information NORDEX AG presented to its investors.
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Nordex AG, a leading company in the renewable energy sector, specializes in the production and installation of wind turbines worldwide, with a focus on enhancing sustainable energy solutions.
In its latest earnings report for the period ending September 30, 2024, Nordex AG reported a remarkable turnaround in its financial performance compared to the previous year. Key highlights include a notable increase in sales and a return to profitability at the EBITDA level.
The company achieved a 14% increase in sales, reaching EUR 5,105 million, and a significant improvement in EBITDA to EUR 189.5 million, up from a negative EUR 66.6 million in the previous year. The net loss also narrowed substantially to EUR 8.7 million from a loss of EUR 333.7 million. These improvements were supported by a 10.4% increase in order intake and a favorable EBITDA margin of 3.7%. However, installed capacity saw a decrease of 10%.
Looking ahead, Nordex AG remains cautiously optimistic, focusing on further enhancing operational efficiencies and capturing new opportunities within the renewable energy market to sustain its growth trajectory.
