Nordex lifts guidance as quarterly EBITDA rises to €278 million
Third-quarter EBITDA rose to €278 million from €136 million a year earlier, while revenue increased to €2.2 billion from €1.7 billion. EBITDA was above the €241 million consensus; revenue matched the €2.2 billion consensus.
Third-quarter earnings before interest, tax, depreciation and amortisation came in at €278m, up from €136m a year previously, while revenues rocketed to €2.2bn from €1.7bn. Consensus had been for EBITDA of €241m on revenues of €2.2bn.The above-forecast performance was attributed to higher margins i…