Nordex results impacted by late deliveries

Nordex have announced a profit for the third quarter of this year, but has seen its full year earnings knocked due to ‘unforeseen’ delivery issues.

The German wind turbine manufacturer posted earnings before interest and tax $19.5m in the three months to September 30, ahead of $15 at the same stage last year.
Nordex wind turbine
The third quarter also saw a rebound from the $20.8bn Ebit loss it recorded at the half-year stage to June, reports Re-Charge.

Nordex told investors it expects operating profits at the lower end of its target. The company said: “In view of delays in the delivery of externally sourced towers and rotor blades, which caused unforeseen additional expense, Nordex now projects a full-year Ebit margin of around 1 per cent, down from the corridor of 1 per cent-3 per cent previously indicated by the board.”

The company has launched “numerous strategic initiatives” to rectify the supply chain issue.

For more wind power news

     

 

Share
     


Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 09/01/2015 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 17:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by