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Nordex shares “only” stable despite order news – what’s next?

This morning, the wind power plant manufacturer Nordex presented the first key data for 2020. After having been able to report large orders in the last few days, the focus of the Hamburg news is again on incoming orders. In the fourth quarter of 2020, orders for 491 wind turbines with a total output of 2,261 megawatts were acquired – in the same period of the previous year it was only 1.477 megawatts. For 2020 as a whole, Nordex is reporting firm orders for 1,331 wind turbines with a capacity of 6,020 megawatts, compared to 6,207 megawatts in 2019. The consequences of the COVID-19 pandemic play a decisive role in the decline.

“The proportion of efficient and high-margin Delta4000 wind turbines rose to 81 percent over the year as a whole (2019: 44 percent). The N163 / 5.X turbine variant, which was only introduced in 2019, accounted for 877 MW of the new orders alone, ”Nordex continues. José Luis Blanco, CEO of the Nordex Group, is satisfied with the figures: “Significant large-scale projects and a large number of orders, especially from our European core markets, ensured that we were able to build on the high order level from 2019 at the end of the year. We are confident that this dynamic will continue in the new year. The demand from our customers for efficient wind turbines for climate-friendly electricity production continues worldwide ”. There are no concrete figures for the outlook for 2021 today.

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