Nordex has reported €48m in third quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) compared with -€27m in the third quarter of 2022.
EBITDA in the first nine months of 2023 amounted to -€67m, compared with -€200m.
In the first three quarters of 2023, order intake in the projects segment came to 4.9GW (9M 2022: 4.4GW), corresponding to a value of €4.1bn (9M 2022: €3.6bn).
By the end of September 2023, Nordex had an order book of nearly €10.2bn (9M 2022: €9.7bn).
Of this, €6.7bn (9M 2022: €6.5bn) relates to the projects segment and €3.6bn (9M 2022: €3.1bn) to the service segment.
The Nordex Group slightly increased its production output of turbines, expanding it from 4.9GW in the previous year to 5GW.
The total manufacturing output of rotor blades remained unchanged at a total of 3358 units (9M
Nordex. chief executive José Luis Blanco said: “The third quarter was marked by a high installation level for the Nordex Group. As a result, we achieved an improvement in our sales and earnings as higher-margin projects were completed.
“Looking ahead to the fourth quarter, we also expect a high level of intensity with some short-term challenges emerging which can result in increased volatility in project execution.
“Therefore, delivering according to plan is important to further increase our profitability.”