Expectations of a strong fourth quarter have been met as Nordex Group orders increased 12.5% compared to Q4 2016.
In the fourth quarter of 2017, the Nordex Group received firm orders for 1,598.6 MW, an increase of 12.5% compared to Q4 2016. After the sluggish order intake registered in the first three quarters, expectations of a strong fourth quarter have been met.
New business for 2017 amounted to 2,741.3 MW. The North America division, in particular, had a strong fourth quarter, which contributed to an overall order intake of 1,045.2 MW in 2017. Consequently, the contribution made by this division to total order intake increased from 23.6% to 38.1%.
New business in the Europe division amounted to 1,094.9 MW for 2017 as a whole, contributing to the region’s decreased total share from 50.1% to 39.9%. The International division received new orders for 601.2 MW.
The prepayments received in connection with the strong order intake in Q4 2017 contributed to Nordex’s cash and cash equivalents position of more than EUR 600 million as of December 2017.
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