Nordex is aiming to increase sales and operating profit in the current year, according to new guidance.
Consolidated sales for this year are expected to reach €4.7bn to €5.2bn, up from €4.65bn in 2020, with sales likely to be relatively evenly distributed across the year.
The company is also aiming for an operating margin before interest, taxes, depreciation and amortisation (EBITDA margin) in a range of 4-5.5%, up from 2% last year.
Nordex said this is likely to increase gradually during the year as low-margin projects come to an end and the more profitable Delta4000 platform gains a greater share of projects.
In addition, the German company expects the impact of the Covid-19 pandemic on its business to be reduced from the second quarter onwards.
Nordex also confirmed its strategic targets for 2022 of sales of around €5bn and an EBITDA margin of 8%.
The details were released along with full 2020 result, which showed Nordex increased its production to around 6GW in 2020 and also boosted installations/
The manufacturer’s order book for new wind turbines reached €5.3bn, similar to 2019 figures (€5.5bn)
Nordex installed 1492 wind turbines in 23 countries in 2020, compared to 938 in 21 countries in 2019, with a total output of 5.5GW, compared to 3.1GW in 2019.
Sales in the service segment rose by 8.5% to E437.6m.
At the end of the year under review, Nordex serviced 8383 wind turbines worldwide with a total output of 21GW, most of them on long-term service contracts.