Edition:
India

Nordex Sees Sales Of 3.2 To 3.5 Bln Euros In 2019


Tuesday, 26 Mar 2019 

March 26 (Reuters) - Nordex SE ::GUIDANCE FOR 2019: SALES OF EUR 3.2 TO 3.5 BILLION.TURBINE ORDER BOOK RISES TO EUR 3.9 BILLION.COMPANY WILL AIM TO KEEP WORKING CAPITAL, WHICH DEPENDS ON ORDER INTAKE AND ACTIVITY LEVELS, AS LOW AS POSSIBLE.CAPITAL EXPENDITURES ARE ESTIMATED TO REACH EUR 120 MILLION.COMPANY EXPECTS CONSOLIDATED SALES OF EUR 3.2 TO 3.5 BILLION FOR CURRENT FINANCIAL YEAR.EBITDA MARGIN IS EXPECTED TO BE IN RANGE OF 3.0 TO 5.0 PERCENT.SEES SIGNIFICANT INCREASE IN ACTIVITY AND OPERATIONAL CHALLENGES THIS WILL BRING.WORKING CAPITAL RATIO IMPROVED SIGNIFICANTLY FROM 5.3 PERCENT IN PREVIOUS YEAR TO MINUS 3.8 PERCENT AT END OF 2018.NORDEX RECORDED A POSITIVE FREE CASH FLOW OF EUR 44.0 MILLION IN 2018 (2017: EUR -54.7 MILLION). 

Company Quote

12.27
0.17 +1.40%
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