German wind turbine manufacturer Nordex SE on March 26 initiated guidance for 2019 and confirmed its preliminary results released in February.
The company is targeting full-year 2019 consolidated sales in the range of €3.2 billion to €3.5 billion and EBITDA margin in the range of 3% to 5%. Capital expenditures are expected to reach €120 million.
For 2018, consolidated sales totaled €2.46 billion, with an EBITDA margin of 4.1%, a drop from €3.08 billion and an EBITDA margin of 6.5% in 2017. Nordex recorded a positive free cash flow of €44 million in 2018, compared to negative €54.7 million in 2017.
The company's order book for new wind turbines totaled €3.9 billion in 2018, rising from €1.7 billion in 2017. Nordex installed 828 wind turbines with a total output of 2.5 GW in 17 countries in 2018.