Nordex’s first-quarter revenues for 2017 in line with budget

By Michelle Froese The Nordex Group says it performed in line with its expectations during the first quarter of 2017. Most notably, the proportion of sales generated in America increased, where the group has a larger footprint following the merger with Acciona Windpower.
Nordex’s proportion of sales generated in America has increased in Q1 2017, following the merger with Acciona Windpower
Overall, sales amounted to EUR 648.4 million (Q1/2016: EUR 637 million). The service business rose substantially by 57% to EUR 74 million (Q1/2016: EUR 47.1 million).
Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 51.2 million. At 7.9%, the operating margin was

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