Nordex recorded a loss of €114m in the first half of 2023, compared with, a loss of €173m in the first half of 2022.
Sales increased to around €2.8bn in the period, compared with €2.1bn in H1 2022.
Total performance, which also includes changes in inventories, increased by 26% to €2.8bn (H1 2022 €2.2bn).
Nordex is confirming its guidance for the current financial year of achieving consolidated sales of €5.6-6.1bn and an EBITDA margin of minus 2 to plus 3 percent.
In the first six months of 2023 the order intake of Nordex in the projects segment (excluding services) was 2.6GW (H1 2022 3GW) and corresponds to new orders worth €2.4bn being on the same level as in the previous year.
In the first half of 2023, production in turbine assembly reached 2886MW, just below the previous year’s volume of 2935MW.
Nordex installed 632 wind turbines in 22 countries with a total output of 3.1GW in the first six months of 2023 (H1 2022 416 wind turbines in 16 countries with a total output of 1.9 GW).
“The second quarter performance was in line with our expectations. We have improved our installation run rate compared with the previous year and further strengthened our balance sheet through a couple of transactions.
“Our order intake momentum continues to be healthy as we enter the second half of the year. The aim is to continue this path and process our orders efficiently and successfully,” said José Luis Blanco, CEO of Nordex.