– Nordex Group confirms sales growth and 3.3% EBITDA margin in 1Q24
– Strong order intake of 2.1 GW, 29% sales growth year over year
– Installation of 227 wind turbines with an aggregate output of 1103 MW in 1Q24, with most capacity in Europe, followed by Latin America and rest of the world
The Nordex Group reported positive sales growth and EBITDA margin in the first quarter of 2024, with a strong order intake of 2.1 GW, representing a 29% increase in sales year over year. The company installed a total of 227 wind turbines with an output of 1103 MW in 13 countries during this period. Europe accounted for 71% of the installed capacity, followed by Latin America and the rest of the world. Sales in the Projects segment rose by 32.3% to €1413 million, while the Service segment also saw an increase in sales by 9.3% to €166 million. The order intake excluding the Service segment grew significantly to €1765 million, with a total nominal output of 2086 MW. The order book for both segments combined reached €11.1 billion, showing a positive trend in the company’s performance.
In addition to its financial results, the Nordex Group shared technical articles and news from the renewable energy industry in Energy Global magazine’s Spring 2024 issue. The magazine covers topics such as battery storage solutions, renewables in Europe, electrical infrastructure, turbine monitoring, blade monitoring, battery storage technology, and coatings. The Spring 2024 issue aims to provide valuable insights and updates from the global renewable energy sector.