What is Nordex?
Founded in 1985 in Denmark, Nordex (NDX1) is a wind turbine developer and distributor headquartered in Rostock, Germany. As the management holding company, Nordex SE is tasked with controlling and coordinating the activities of its subsidiaries Nordex Energy GmbH, Nordex Energy B.V. and Acciona Windpower.
Nordex’s wind turbines are suitable for almost all parts of the world as they come in various types – for both low and high wind regions. The main Nordex products are the N90/2500, the N100/2500 and the N117/2400. Starting in 2013, the company began to develop the Delta Generation with the N100/3300, the N117/3000 and the N131/3000 models.
Nordex also offers project services for optimal wind farm configuration. The company has the appropriate certification for the planning, delivery, installation and commissioning of all electrical and technical automation systems, and for the infrastructure requirements of wind turbines. Nordex offers assistance with data analysis and processing, noise emission projections and the optimal siting of turbines within a wind park.
Among Nordex’s main competitors in the wind turbine industry are the Danish company Vestas Wind Systems; German-based Enercon GmbH; and Senvion GmbH (formerly REpower Systems), also of Germany.
Who are the key people at Nordex?
José Luis Blanco Diéguez has been Chief Executive Officer of Nordex SE since March 2017. Other leading figures at the company include Patxi Landa, Chief Sales Officer; Christoph Burckhard, Chief Financial Officer; and Dr. Wolfgang Ziebart, chairman of the Supervisory Board of Nordex SE.
What is the modern history of Nordex?
When Nordex was founded in 1985, the international wind turbine industry was still in its infancy. It wasn’t until the early 1990s that big orders started to come in. The company specialised from the very beginning in making large, powerful turbines, which over the years have been developed to operate with ever higher levels of efficiency. Production operations started in Germany in 1992, and in 2001 the company launched its initial public offering. Nordex expanded across the globe in the new millennium, starting production work in China and establishing Nordex USA Inc in Chicago.
What are the latest developments at Nordex?
In its preliminary results for the full year 2017, Nordex reported sales of €3.08 billion, down from €3.4 billion the previous year. EBITDA earnings came to €242 million, down from €285.5 million in 2016. The company said its performance reflected some project delays. However, the group installed new capacity of 2.7 gigawatts in 2017, around the same as in 2016.
The Nordex share price climbed steadily from €5.20 in April 2013 to €32.90 in December 2015. It then fell back below €20 in November 2016 and under €10 in September 2017. As of 6 April 2018, Nordex shares stood at €9.01, giving the company a market capitalisation of around €873.8 million. To find out how the shares are doing right now, follow Capital.com. Our NDX1 chart puts all the information at your fingertips.
Where does Nordex operate?
The north German city of Rostock is the company’s HQ and production centre, while the administration and board are based in Hamburg. The company employs more than 5,000 people. It has offices and subsidiaries in over 20 countries around the world, including the U.K., France, Spain, Italy, Turkey, Pakistan, China and South Africa.
Where is Nordex traded?
Nordex shares are traded on the Frankfurt Stock Exchange. Check out Capital.com for the latest NDX1 chart. We’ll keep you up to date and in the picture.