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The Nordex Group is one of the leading integrated, global manufacturers of innovative onshore wind turbine systems. In 2019, the company generated sales of around EUR 3.3 billion with 6,880 employees. The Nordex Group has installed wind power capacity of more than 28 GW in over 40 markets. The production network comprises plants for turbine assembly and rotor blade production in Germany, Spain, Brazil, India, Mexico, Argentina and the United States. The head office is located in Hamburg, Germany. Founded in 1985, Nordex has 35 years of industry experience. The products of the company regularly shape the technological development of the wind energy industry, such as the current Delta4000 series.
The product portfolio includes onshore wind turbines in the power range from 2.4 megawatts (MW) to more than 5 MW, addressing the requirements of developed as well as emerging markets. These wind turbines allow operators to produce environmentally friendly electricity at the lowest possible cost (Cost of Energy – COE) in their respective regions. The growing service business of the Nordex Group is servicing more than 7,700 wind turbines, with installed capacity of 20 GW.
The publicly traded holding company Nordex SE (ISIN: DE000A0D6554) is listed in the Prime Standard of the Regulated Market of Deutsche Börse and is part of the German SDAX and TecDAX index.
The Nordex Group designs, builds and markets onshore wind turbine systems that are installed worldwide. Services rendered for wind farms range from the mere delivery of the wind turbines and installation to turnkey construction of a complete project. A network of service units in all of the Company’s key markets ensures the provision of comprehensive support for wind turbines over their entire lifespan. In selected markets, the Nordex Group also operates as a project developer for wind farms. Since its foundation in 1985, the Nordex Group has installed turbines with a combined nominal output in excess of 28 GW in over 40 countries. Its service organization supports over 7,700 wind turbines worldwide with a total nominal output of around 20 GW on the basis of typically long-term maintenance agreements.
The Nordex Group’s product portfolio comprises innovative and efficient wind turbines for high-, medium and low-wind onshore locations. The various models in the Delta4000 series are adapted to meet specific market requirements and offer variable output ranging from 4 MW to the 5 MW area, with rotor diameters of up to 163 meters. The Nordex Group designs wind turbines in their entirety and assembles the nacelles and hubs. Rotor blades are produced both by the Group itself and by contract manufacturers. The Company operates its own production sites in Germany, Spain, Brazil, India and since 2019 Mexico, and as part of a partnership in Argentina. These factories, together with an efficient supplier network and supply chain, form the basis for the Group’s ability to offer competitive wind turbines in all of its target markets. The Nordex Group works to continuously improve this infrastructure and adapt it flexibly to meet changing markets. From a technical perspective, the Nordex Group is focused on developing wind turbines exclusively for onshore sites that allow operators to produce environmentally friendly electricity at the lowest possible cost (Cost of Energy – COE) in their respective regions.
In accordance with its corporate strategy, the Nordex Group is a sustainable global enterprise whose wind turbines offer the lowest COE in the industry. The Company is focusing on further reducing COE. Its aim is to build on its position as one of the leading global providers of wind turbines. By concentrating on the onshore segment, the Company not only serves more than 90% of the global market for wind power but simultaneously avoids the need to invest considerable sums in radically different offshore technology, with the associated risks this would entail. The Nordex Group operates in all of the world’s major wind markets with the sole exception of China, whose market is dominated by local suppliers. In 2016, Spanish manufacturer Acciona Windpower was integrated into the Group, significantly expanding Nordex’s global presence in North and South America and India in particular. Activities outside Europe contributed more than 51% to overall sales in 2019.
|in EUR million|
|Free Cash flow||(126.0)||44.0||(54.7)||(254.8)||94.6|
|Consolidated net profit for the year||(72.6)||(83.9)||0.3||95.4||52.3|
|Earnings per share in EUR1||(0.73)||(0.86)||0.00||1.03||0.65|
|EBITDA margin in %||3.8||4.1||6.5||8.4||7.5|
|Working capital ratio in %||(9.1)||(3.8)||5.3||4.1||(1.2)|
|Total assets as at 31 Dec.||4,002.7||3,058.5||2,807.6||2,994.2||1,460.1|
|Installed capacity (in MW)||3,090||2,522||2,699||2,622||1,697|