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Nordex reaches operational break-even in 'transition year' 2023 - Recharge

Recharge · last updated

Nordex reaches operational break-even in 'transition year' 2023 | Recharge

Sales exceeded expectations at Nordex and the German wind turbine manufacturer reached an operational break-even last year on a rising order intake and price stability, according to preliminary figures.

Consolidated sales at the OEM in 2023 rose to €6.5bn ($7bn), from €5.7bn in 2022, exceeding the forecast range in the company’s guidance for last year of €5.6-6.1bn.

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) reached €2bn last year, compared to a negative Ebitda of €244m a year earlier.

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