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