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The Nordex Group has released its preliminary results for the fiscal year 2023. The initial figures indicate a rise in consolidated sales to EUR 6.5 billion (compared to EUR 5.7 billion in the previous year), surpassing the upper limit of the projected range of EUR 5.6 to 6.1 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) achieved break-even for the full year at EUR 2.0 million (compared to a loss of EUR 244 million in the previous year), resulting in an EBITDA margin of zero percent (compared to minus 4.3 percent the previous year), positioning it comfortably within the guided range of minus 2 to plus 3 percent.
The Nordex Group has enhanced its working capital ratio relative to consolidated sales to minus 11.5 percent (compared to minus 10.2 percent the previous year).
Investments for the year 2023 totaled approximately EUR 131 million (down from EUR 205 million the previous year), significantly below the forecasted amount of around EUR 200 million.
Closing the year on a positive note, Nordex secured a solid order intake of 7.4 GW (compared to 6.3 GW the previous year), maintaining stable prices and presenting a promising order outlook. The finalized and audited results for the fiscal year 2023 will be officially released by the Nordex Group on February 29, 2024.
“2023 was a transition year with a step-up in the right direction. Looking back, business performance has developed as assumed at the beginning of the year. After a weak start, as expected, we gradually improved each quarter with
a stronger second half of the year. Overall, we reached break-even in terms of profitability and now have laid a good foundation for our further business development,” said José Luis Blanco, CEO of the Nordex Group.
