News
Nordex suffers wider Q1 loss but expects better second half
German wind turbine manufacturer Nordex made a first-quarter net loss of €14m ($18m) - widening the €1.8m deficit it recorded in the first three months of 2011.
Nordex sales rose by 8.3% to €198.3m, while order intake reached €312m compared to €154m in the same quarter last year.
May 15, 2012
by Ben Blackman
in Recharge News
German wind turbine manufacturer Nordex made a first-quarter net loss of €14m ($18m) - widening the €1.8m deficit it recorded in the first three months of 2011.
Nordex sales rose by 8.3% to €198.3m, while order intake reached €312m compared to €154m in the same quarter last year.
However, the company made a loss before interest and tax (Ebit) of €9m in the January-March period.
"Operating profit was burdened by below-average capacity utilisation and lower margins on projects," Nordex says.
The company told investors it has reduced its structural costs by around 10%. It also... [continue via Web link]
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