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DGAP-News: Nordex Group records incoming orders of 1.7 gigawatts in third quarter of 2019


DGAP-News: Nordex SE / Key word(s): Incoming Orders
Nordex Group records incoming orders of 1.7 gigawatts in third quarter of 2019

15.10.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Nordex Group records incoming orders of 1.7 gigawatts in third quarter of 2019

Hamburg, 15 October 2019.
The Nordex Group today announced that in the third quarter of 2019 its customers ordered 436 wind turbines with a total output of 1,700 megawatts (Q3 2018: 974 MW) for projects in 14 countries. Europe accounts for 60 percent of orders from July to September, the USA for 28 percent and Latin America for 12 percent. At 49 percent, the latest generation turbine types - the Delta4000 platform - made up almost half of the order volume in the third quarter.

Patxi Landa, Chief Sales Officer (CSO) of the Nordex Group, commented: "We continue to see strong demand for our wind turbine systems in Europe and overseas, with the new Delta4000 series recording particularly great interest."

In addition to the projects already announced separately, the Nordex Group received major orders from Sweden, the USA, Brazil, Mexico and the UK in September. Overall, order intake (excluding the services business) in the first nine months of 2019 thus rose to 4.7 gigawatts (9M 2018: 3.1 GW).

About the Nordex Group
The Group has installed more than 25 GW of wind power capacity in over 40 markets and generated sales of around EUR 2.5 billion in 2018. The company currently has more than 6,000 employees. The Group's manufacturing network includes factories in Germany, Spain, Brazil, the USA, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class which are designed to meet the market requirements of countries with limited available space and regions with limited grid capacity.

Contact for inquiries:
Nordex SE
Felix Losada
Phone: +49 (0)40 / 300 30 - 1141
[email protected]
 

Investor contact:
Nordex SE
Felix Zander
Phone: +49 (0)40 / 300 30 - 1116
[email protected]

Tobias Vossberg
Phone: +49 (0)40 / 300 30 - 2502
[email protected]

Rolf Becker
Phone: +49 (0)40 / 300 30 - 1892
[email protected]



15.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 889953

 
End of News DGAP News Service

889953  15.10.2019 

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Nordex SE Stock

€12.33
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The price for the Nordex SE stock decreased slightly today. Compared to yesterday there is a change of -€0.100 (-0.800%).
Currently there is a rather positive sentiment for Nordex SE with 5 Buy predictions and 1 Sell predictions.
However, we have a potential of -10.79% for Nordex SE as the target price of 11 € is below the current price of 12.33 €.
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