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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems A/S    VWS   DK0010268606

VESTAS WIND SYSTEMS A/S

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Wind turbine maker Nordex expects 2020 sales to rise by a third

11/09/2020 | 01:35pm EST

FRANKFURT, Nov 9 (Reuters) - German wind turbine maker Nordex on Monday said it expected 2020 sales to rise by a third to 4.4 billion euros ($5.2 billion), adding the impact from the coronavirus crisis on its supply chain would ease from next year.

"The Nordex Group expects its future business performance to be positive. The highly competitive Delta4000 series is making an important contribution to this, with consistently high demand and good market positioning," it said.

Nordex, which competes with Siemens Gamesa and Vestas, also said it expects its core profit (EBITDA) margin to decline to 2%, from 3.8% last year. Nine-month core profit climbed 18% to 70.8 million euros, the group said.

The company, in which Spain's Acciona owns 36.41%, earlier this year withdrew its outlook for 2020, citing the COVID-19 pandemic's impact on key markets and supply chains. It had originally expected sales of 4.2-4.8 billion euros and EBITDA of 160-240 million.

Nordex also said it expected sales of 5 billion euros and EBITDA margin of 8% in 2022. ($1 = 0.8462 euros) (Reporting by Christoph Steitz; editing by David Evans and Alistair Bell)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACCIONA S.A. -7.24% 123 Delayed Quote.5.40%
NORDEX SE -8.31% 23.16 Delayed Quote.4.51%
SIEMENS AG -1.01% 129.34 Delayed Quote.10.06%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -5.84% 33.4 Delayed Quote.0.94%
VESTAS WIND SYSTEMS A/S -5.59% 1326.5 Delayed Quote.-7.85%
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Financials
Sales 2020 14 786 M 17 875 M 17 875 M
Net income 2020 567 M 685 M 685 M
Net cash 2020 2 431 M 2 939 M 2 939 M
P/E ratio 2020 62,0x
Yield 2020 0,55%
Capitalization 35 794 M 43 353 M 43 270 M
EV / Sales 2020 2,26x
EV / Sales 2021 2,02x
Nbr of Employees 25 828
Free-Float 99,4%
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Technical analysis trends VESTAS WIND SYSTEMS A/S
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 157,72 €
Last Close Price 178,19 €
Spread / Highest target 39,6%
Spread / Average Target -11,5%
Spread / Lowest Target -59,3%
EPS Revisions
Managers and Directors
NameTitle
Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President