German wind turbine maker Nordex (NDXG.DE) reported a 21% fall in 2022 first half sales on Sunday, citing lower demand for installations, and stuck to a forecast of a drop
Nordex said the war in Ukraine, the COVID-19 pandemic and ensuing energy and logistics disruptions had led to negative first-half earnings before interest, taxation, depreciation and amortisation (EBITDA) of 173.3 million euros, after a positive 68.4 million euro result in the same year-ago period.
The company also reported a consolidated 283.2 million euro net loss for January to June, a sharp deterioration from a net loss in the comparable period of 2021 of 63.7 million euros.