Nordex has reported a loss of €244m in its preliminary results for fiscal year (FY) 2022, compared with €53m in FY 2021.
The results correspond to an EBITDA margin of -4.3% for FY 2022, compared with 1% for FY 2021.
The financial performance of the turbine manufacturer in the year was mainly impacted by the “ongoing volatile macro-economic environment, challenges with product quality and supply chain reliability, a cyber security incident in the first half, and the overall resultant impact on installations partially offset by income from project development activities”.
According to the preliminary results, Nordex generated consolidated sales of €5.7bn, slightly up on the figure of €5.4bn in FY 2021.
With rising prices, order intake reached 6.33GW, compared with 7.95GW in the previous year, with improving market share despite a very challenging market environment.
Nordex CEO José Luis Blanco said: “2022 has been again an extremely challenging year for the industry due to the numerous macro-economic headwinds.
“Despite these challenges, our team was able to maintain a healthy momentum in terms of order intake with significantly improving selling prices, which gives us a good platform for 2023.
“In the medium term, wind markets continue to show great potential with the strengthening of the policy momentum for renewable energies across Europe and the USA.
“This, along with further stabilisation of the macro-economic environment could pave the way for our mid-term margin target.”