Nordex (ETR:NDX1) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.80b (up 17% from 2Q 2023).

• Net income: €1.00m (up from €84.1m loss in 2Q 2023).

• Profit margin: 0.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordex Revenues Beat Expectations

Revenue exceeded analyst estimates by 103%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany.

Performance of the German Electrical industry.

The company's shares are up 5.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Nordex's balance sheet health.

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