Nordex has recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of just over €68m, compared with just under €71m in the same period in 2020.
The result corresponds to an EBITDA margin of 2.5%.
The turbine manufacturer reported sales up 32% to €2.7bn in the first six months of the year, while installations were up 44% to 3GW.
Nordex said guidance for 2021 is maintained.
Nordex increased its order intake in the projects segment (excluding services) by 9.9% to 2.8GW in the first six months of 2021, corresponding to €1.9bn, against €1.8bn in the first half of the previous year.
Of this order intake (in MW), 71% was attributable to Europe and 29% to Latin America.
At the end of the first half of the year, Nordex’s order book amounted to €7.7bn compared to €8.1bn in the first half of last year.
This consisted of €4.8bn in the projects segment, compared to €5.4bn last year and €2.9bn in the service segment compared to €2.7bn last year.
Nordex continued to increase its installation output in the first six months of 2021, installing 775 wind turbines in 21 countries with a total output of 3GW, compared to 610 wind turbines in 22 countries with a total output of 2.1GW in the first half of last year.
Nordex CEO Jose Luis Blanco said: “Our business performance continued to gather momentum in the second quarter, with profitability in particular improving as expected compared to the first quarter. While the direct consequences of the pandemic continue to subside, due in part to the widespread vaccination of our workforce, the indirect impact of this crisis is still readily apparent from the disruption to the raw materials and logistics markets.
“Our task now is to manage this successfully.
“At the same time, we are pleased with the very successful completion of our capital increase via rights issue.
“The related significant improvement in our balance sheet structure is a vital prerequisite for continuing to develop the Nordex Group in a focused manner in the years ahead and establishing it as one of the top three companies in the onshore sector.”