XTRA:NDX1Electrical
Did Strong Half Year Results Just Shift Nordex Stock's Investment Narrative?
Nordex reported strong half-year results, with higher sales, a doubling of EBITDA, and larger order intake and order book, which led some major banks to upgrade their views on the business.
The key development is the surge in contracted work, as reflected in the order intake and order book, which directly ties to Nordex’s future project execution and revenue visibility rather than short term sentiment.
We will now look at how Nordex’s stronger EBITDA and order book shape the existing...