Nordex has cut its revenue expectations for 2017 to between €3.1bn and €3.3bn, compared with €3.35bn in 2016.
The German manufacturer said reduced expectations for business in “certain core markets” is the reason for the drop compared with 2016.
It said the EBITDA-margin in 2017 is expected to remain almost stable at 7.8% to 8.2%, compared with 8.3% expected for 2016.
Nordex said it is targeting revenue of €3.4bn to €3.6bn in 2018 and an unchanged EBITDA margin compared with the previous year.
The company will publish preliminary results for 2016 and further details on the outlook for the financial year 2017 and the targets for 2018 on 1 March.
Image: Nordex
Nordex lowers 2017 forecast
Company cites reduced expectations for business in 'certain core markets'
By EBS