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The Spanish map was the trump card of North Germany: The wind power company Nordex pulls in Brazil the largest single order of its history on earth. The chef José Luis Blanco Diéguez, from the Spanish company Acciona Windpower, who took control of the Hanseatic League in 2016, is delighted. Because the long-standing relations of the Spaniards with customers of the South American market are paying off: Nordex will become the wind farm from October 2019
Equip Lagoa dos Ventos in the state of Piauí in the north of the country.
For the public utility Enel Green Power, the turbines of 191 built by Hamburg with a total output of 595 megawatts. TecDAX then takes over the service for at least two years.
The order is that people sit down and watch all the more so as no supplier does its part in the industry, which is tormented by the price wars. The volume of the order is secret. The rule of thumb was: one million euros per megawatt. Due to the pressure on prices, this has not been true for a long time. "The volume of orders is expected to reach 400 million euros," said Sebastian Growe, an badyst at Commerzbank.
But even so, the basic image clearly illuminates. According to Growe, the order will ensure better utilization of production capacity in Brazil beyond 2020. This should be reflected positively in the profit margin. Many brokers are still skeptical. In the fall of 2016 and again in February 2017, Nordex shocked investors with warnings on profits, the price has halved. Even after that, the flow of negative news has not declined, for example, the headline has been under pressure again in the fall of 2017 following a warning from competitor Siemens Gamesa.
Chances are that the downtrend could be over . Although Nordex expects only 2.4 to 2.6 billion euros in revenue for 2018, significantly less than the previous year 's 3.1 billion. However, after the Brazil mandate, it is more likely that the group will make badysts' estimates for 2020. This is an average of three billion euros in turnover and is of an operating result (EBIT) of 92 million euros. According to this, Nordex writes losses in 2018 and next year will see profits again.
The agreement also establishes signs because it proves that the smallest players in the market still have chances against three times bigger than Siemens-Gamesa or Vestas – even with important customers.
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Image Sources: Nordex AG, Lukbadek / Shutterstock.com, Nordex, WDG Photo / Shutterstock.com
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