‘Ukraine war and lockdowns in China’ | Nordex plunges as it flags sales hit and 2022 loss

Nordex expects to lose sales of about €200m ($214m) and corresponding margins in Ukraine as a direct impact from Russia’s invasion, while ongoing supply chain and logistics disruptions also depress earnings, likely pushing the wind turbine OEM to an operating loss this year.

The company in an update to its full-year guidance said it now expects consolidated sales of €5.2-5.7bn, lower than the €5.4-6bn seen in its previous 2022 guidance published at the end of March.

The lower sales would translate in to an earnings before interest, taxes, depreciation and amortisation (Ebitda) margin of minus 4 to 0%, compared to an Ebitda margin of plus 1.0-3.5%

‘Ukraine war and lockdowns in China’ | Nordex plunges as it flags sales hit and 2022 loss News

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