In Q1 17, revenues increased marginally by 1.8% to €648.4m. EBITDA dropped 13.2% to €51.2m and the EBITDA margin declined from 9.3% to 7.9%. EBIT plummeted 61.9% to €17.1m and the EBIT margin reached 2.6% compared to 7% in Q1 16. The order backlog increased 39.8% to €3.7bn and the order intake declined 30.9% to €373.8m. The service order backlog reached €1,773m (+68.4%). The book-to-bill ratio declined from 0.91x to 0.65x. Net income dropped 72.2% from €25.4m to €7.1m.
The reduced order intake ....
18 May 2017
Weak start into 2017
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Weak start into 2017
Nordex SE (NDX1:WBO) | 0 0 (-0.7%) | Mkt Cap: 923.5m
- Published:
18 May 2017 -
Author:
Heinz Steffen -
Pages:
2
In Q1 17, revenues increased marginally by 1.8% to €648.4m. EBITDA dropped 13.2% to €51.2m and the EBITDA margin declined from 9.3% to 7.9%. EBIT plummeted 61.9% to €17.1m and the EBIT margin reached 2.6% compared to 7% in Q1 16. The order backlog increased 39.8% to €3.7bn and the order intake declined 30.9% to €373.8m. The service order backlog reached €1,773m (+68.4%). The book-to-bill ratio declined from 0.91x to 0.65x. Net income dropped 72.2% from €25.4m to €7.1m.
The reduced order intake ....