Nordex’s 2023 earnings before interest, tax, depreciation and amortisation (EBITDA) reached operating break even point at €2m compared with a loss of €244m in 2022.
In its 2023 annual financial statements, the turbine maker confirmed the preliminary results published on 12 February 2024.
Group sales grew by 14% to €6.5bn (2022: €5.7bn).
EBITDA corresponds to a margin of 0% (2022: -4.3%), while sales exceeded the upper end of the forecast corridor, while the EBITDA margin reached around the middle of the expected range.
For 2024, Nordex expects consolidated sales of €7bn to €7.7bn and an EBITDA margin of 2% to 4%.
The company expects the second half of the year to be stronger than the first half.
Key prerequisites for this forecast are a stable political and economic environment as well as reliability along the supply chain.
“After a challenging 2022, we managed to stabilise our operations during 2023 as the overall market conditions improved, despite some fluctuations.
“We have further strengthened our balance sheet this year, achieved good order intake and successively increased our profitability.
“This puts us in a solid starting position for 2024 and beyond.
“It remains important for us that the political framework conditions and supply chains remain reliable in the long term so that we can efficiently process our order backlog,” said Jose Luis Blanco, CEO of Nordex.