Nordex reported a very strong topline in Q2 20, while profitability was significantly impacted by COVID-19. As guided by management in Q1, the order momentum showed signs of a slowdown, which raises some uncertainties as regards demand in the coming quarters. Unlike peers, Nordex has not provided any targets for 2020, which is clearly disappointing.
13 Aug 2020
Hit on profitability and no 2020 outlook
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Hit on profitability and no 2020 outlook
Nordex SE (NDX1:WBO) | 0 0 (-0.7%) | Mkt Cap: 923.5m
- Published:
13 Aug 2020 -
Author:
Luis Pereira -
Pages:
2
Nordex reported a very strong topline in Q2 20, while profitability was significantly impacted by COVID-19. As guided by management in Q1, the order momentum showed signs of a slowdown, which raises some uncertainties as regards demand in the coming quarters. Unlike peers, Nordex has not provided any targets for 2020, which is clearly disappointing.