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Nordex loss narrows but CEO expects more 'short-term challenges' - Recharge

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Nordex loss narrows but CEO expects more 'short-term challenges' | Recharge

Losses at German wind turbine manufacturer Nordex narrowed in the first nine months of 2023 but CEO José Luis Blanco cautioned more “short-term challenges” may emerge in the final quarter of this year.

“The third quarter was marked by a high installation level for the Nordex Group. As a result, we achieved an improvement in our sales and earnings as higher-margin projects were completed,” Blanco said.

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