OverviewSuggest Edit

Nordex is a company specializing in the development, manufacture, project management, and servicing of onshore wind turbines. Its wind turbine systems enable long-term economical power generation from wind energy in all geographical and climatic conditions. The company also produces nacelles, hubs, rotor blades, and concrete towers.

TypePublic
HQHamburg, DE
Websitenordex-online.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Jun 2020)7,949(+7%)
Job Openings364
Revenue (FY, 2019)€3.3 B(+34%)
Share Price (Nov 2021)€14.9(+5%)
Cybersecurity ratingBMore
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Key People/Management at Nordex

José Luis Blanco

José Luis Blanco

Chief Executive Officer
Christoph Burkhard

Christoph Burkhard

Chief Financial Officer
Patxi Landa

Patxi Landa

Chief Sales Officer
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Nordex Office Locations

Nordex has offices in Hamburg, Oberhausen, Rostock, Chicago and in 16 other locations
Hamburg, DE (HQ)
Langenhorner Chaussee 600
Oberhausen, DE
Centroallee 263A
Rostock, DE
50 Erich-Schlesinger-Straße
Las Condes, CL
Rosario Nte 530
Esbjerg, DK
Lindholmvej 24
Helsinki, FI
3 Hiilikatu
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Nordex Financials and Metrics

Nordex Revenue

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Nordex's revenue was reported to be €3.28 b in FY, 2019 which is a 33.6% increase from the previous period.
EUR

Revenue (Q2, 2020)

1.1b

Gross profit (Q2, 2020)

131.3m

Gross profit margin (Q2, 2020), %

12.1%

Net income (Q2, 2020)

(142.0m)

EBIT (Q2, 2020)

(122.6m)

Market capitalization (10-Nov-2021)

1.7b

Closing stock price (10-Nov-2021)

14.9

Cash (30-Jun-2020)

334.1m
Nordex's current market capitalization is €1.7 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

3.1b2.5b3.3b

Revenue growth, %

(20%)34%

Cost of goods sold

2.2b1.8b2.5b

Gross profit

832.5m654.1m775.4m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

487.9m469.3m815.7m398.9m591.9m952.2m964.6m1.1b

Cost of goods sold

346.2m303.8m651.1m256.4m431.5m739.7m808.3m952.0m

Gross profit

141.7m165.4m164.6m142.5m160.4m212.5m156.3m131.3m

Gross profit Margin, %

29%35%20%36%27%22%16%12%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

623.2m609.8m510.0m

Accounts Receivable

195.7m163.1m128.1m

Prepaid Expenses

7.0m13.3m13.0m

Inventories

195.6m763.2m1.4b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

676.2m484.2m476.9m530.7m396.0m388.0m432.5m334.1m

Accounts Receivable

245.0m214.8m208.9m154.1m180.4m178.7m95.7m119.4m

Prepaid Expenses

26.4m14.3m23.8m12.4m15.3m12.7m10.1m15.1m

Inventories

740.7m970.7m817.2m1.1b1.4b1.6b1.6b1.5b
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

329.0k(83.9m)(72.6m)

Depreciation and Amortization

159.8m156.2m143.5m

Inventories

1.9m15.8m(635.2m)

Accounts Payable

69.2m31.5m456.7m
Quarterly
EURFY, 2017

EV/EBIT

21.3 x

EV/CFO

10.1 x

Revenue/Employee

585.1k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

3.1 x
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Nordex Acquisitions / Subsidiaries

Company NameDateDeal Size
SSP Technology A/SFebruary 01, 2017
Corporación Acciona Windpower S.L.April 04, 2016$879 m
Eolicos R4E S.A. de C.V.April 03, 2012
Alfresco Renewable Energy Private Limited
Corporacion Nordex Energy Spain S.L.
Industria Toledana de Energias Renovables S.L.
Limited Liability Company Nordex Energy Ukraine
Nordex (Beijing) Wind Power Engineering & Technology Co. Ltd.
Nordex Blades Spain S.A.
Nordex Blade Technology Centre ApS
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Nordex Revenue Breakdown

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Nordex revenue breakdown by business segment: 12.3% from Service, 87.7% from Projects and 0.0% from Other

Nordex revenue breakdown by geographic segment: 5.8% from Rest of World, 48.6% from Europe, 19.1% from North America and 26.5% from Latin America

Human Capital Metrics

Nordex's employees are reported to be approximately 16% female and 84% male.
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Nordex Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Nordex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

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Nordex Online and Social Media Presence

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Nordex News and Updates

TPI Composites, Inc. Reports Preliminary Estimated Second Quarter 2021 Earnings Results, Provides Updated Guidance for 2021, Announces New Long-Term Supply Agreement with Nordex, and Extends Proterra Supply Agreement

SCOTTSDALE, Ariz., July 22, 2021 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today announces selected, preliminary estimated financial results for the three months ended June 30, 2021, and updated guid…

RES4Africa Foundation Welcomes the Nordex Group as Supporting Member

RES4Africa’s member network grows: already engaged as renewAfrica partner, the Nordex Group decided to scale up its membership in RES4Africa Foundation following the positive collaboration of the past months. In addition to the renewAfrica Initiative, the Group will now support the Foundation in all…

Nordex Group Repeats Annual Order Intake of More Than 6 Gigawatts in Financial Year 2020

Driven by strong demand seen towards the end of the year, the Nordex Group secured orders for 491 wind turbine systems with a total output of 2,261 megawatts (MW) in the fourth quarter of 2020 (Q4 2019: 1,477 MW). In 2020, the company received firm orders for a total of 1,331 wind turbines with an o…

The Nordex Group has Obtained Accreditation in Brazil for the N163/5.X Wind Turbine Model from BNDES

The Nordex Group has obtained the accreditation in Brazil for the N163/5.X wind turbine model from BNDES – National Bank for Economic and Social Development, which is the largest public development bank in the country

Swedish Utility Jämtkraft and Persson Invest Awarded Nordex Group an Order for 131 MW in December 2020

At the end of last year, the Nordex Group received an order for its N163/5.X turbines of the Delta4000 series about 131 MW in Sweden. The utility Jämtkraft and its partner Persson Invest ordered 23 turbines from the Nordex Group for the “Hocksjön” wind farm. The order also includes a Premium Service…

CDP Rating 2020 – Nordex Continues to Improve

We are happy to announce that the global environmental non-profit organization Carbon Disclosure Project (CDP) has awarded the Nordex Group a “B” rating in the focus area of “Climate Change” for our corporate sustainability efforts. This score, following a “C” rating in 2019, clearly indicates that …
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Nordex Blogs

Nordex SE: Nordex Group receives order for 177 MW from Peru

DGAP-News: Nordex SE / Key word(s): Incoming Orders25.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. Hamburg, 25 November 2021. The Nordex Group has obtained an order from Peru: the manufacturer will supply 30 N155/5.X turbines for a 177 MW wind farm in the Ic…

Nordex SE: RWE Renewables places an order with Nordex Group for 44 MW in France

DGAP-News: Nordex SE / Key word(s): Incoming Orders23.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. Hamburg, 23 November 2021. The Nordex Group has received an order from RWE Renewables to supply and install wind turbines totalling 44 MW in France. The order …

Nordex SE: Nordex Group receives order for 68.4 MW in Turkey from Enerjisa Üretim

DGAP-News: Nordex SE / Key word(s): Incoming Orders16.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. – N163/5.X also proving a success in Turkey Hamburg, 16 November 2021. The Nordex Group continues to strengthen its position in Turkey: Enerjisa Üretim – the l…

Nordex SE: ​​​​​​​Nordex Group confirms preliminary figures

DGAP-News: Nordex SE / Key word(s): 9 Month figures15.11.2021 / 07:00 The issuer is solely responsible for the content of this announcement. Nordex Group confirms preliminary figures – Sales of just under EUR 4.0 billion generated in the first nine months of 2021 – EBITDA margin of 2.5 percent – Ins…

Nordex SE: Nordex Group receives order for 101 MW from Ireland

DGAP-News: Nordex SE / Key word(s): Incoming Orders10.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. – First order for turbines in the 5 MW class from Ireland.– Ireland’s first wind farm with turbines using a 149 metre rotor. Hamburg, 10 November 2021. The Nor…

Nordex Group presents preliminary results for the first three quarters of 2021 and revised guidance for FY2021

DGAP-News: Nordex SE / Key word(s): Change in Forecast/Preliminary Results08.11.2021 / 18:33 The issuer is solely responsible for the content of this announcement.            – For Q1-Q3/2021 Nordex Group increased sales to EUR 4.0 billion – EBITDA of EUR 100.7 million impacted by volatility in comm…
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Nordex Frequently Asked Questions

  • Who are Nordex key executives?

    Nordex's key executives are José Luis Blanco, Christoph Burkhard and Patxi Landa.

  • How many employees does Nordex have?

    Nordex has 7,949 employees.

  • What is Nordex revenue?

    Latest Nordex annual revenue is €3.3 b.

  • What is Nordex revenue per employee?

    Latest Nordex revenue per employee is €413.2 k.

  • Who are Nordex competitors?

    Competitors of Nordex include NextEra Energy Partners, Vestas and Iberdrola.

  • Where is Nordex headquarters?

    Nordex headquarters is located at Langenhorner Chaussee 600, Hamburg.

  • Where are Nordex offices?

    Nordex has offices in Hamburg, Oberhausen, Rostock, Chicago and in 16 other locations.

  • How many offices does Nordex have?

    Nordex has 22 offices.