Nordex Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Jose Blanco Diéguez

Chief executive officer

€1.2m

Total compensation

CEO salary percentage	54.9%
CEO tenure	8.6yrs
CEO ownership	n/a
Management average tenure	3.8yrs
Board average tenure	12.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jose Blanco Diéguez's remuneration changed compared to Nordex's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€22m
Jun 30 2024	n/a	n/a	-€16m
Mar 31 2024	n/a	n/a	-€101m
Dec 31 2023	€1m	€660k	-€303m
Sep 30 2023	n/a	n/a	-€460m
Jun 30 2023	n/a	n/a	-€513m
Mar 31 2023	n/a	n/a	-€562m
Dec 31 2022	€1m	€610k	-€498m
Sep 30 2022	n/a	n/a	-€498m
Jun 30 2022	n/a	n/a	-€450m
Mar 31 2022	n/a	n/a	-€326m
Dec 31 2021	€1m	€610k	-€230m
Sep 30 2021	n/a	n/a	-€126m
Jun 30 2021	n/a	n/a	-€13m
Mar 31 2021	n/a	n/a	-€146m
Dec 31 2020	€2m	€585k	-€130m
Sep 30 2020	n/a	n/a	-€104m
Jun 30 2020	n/a	n/a	-€197m
Mar 31 2020	n/a	n/a	-€76m
Dec 31 2019	€1m	€550k	-€73m
Sep 30 2019	n/a	n/a	-€109m
Jun 30 2019	n/a	n/a	-€99m
Mar 31 2019	n/a	n/a	-€99m
Dec 31 2018	€1m	€550k	-€84m
Sep 30 2018	n/a	n/a	-€79m
Jun 30 2018	n/a	n/a	-€63m
Mar 31 2018	n/a	n/a	-€26m
Dec 31 2017	€1m	€475k	€329k

Compensation vs Market: Jose's total compensation ($USD1.25M) is below average for companies of similar size in the UK market ($USD2.76M).

Compensation vs Earnings: Jose's compensation has been consistent with company performance over the past year.

CEO

Jose Blanco Diéguez (54 yo)

8.6yrs

Tenure

€1,202,753

Compensation

Mr. Jose Luis Blanco Diéguez has been the Chairman of Management Board and Chief Executive Officer at Nordex SE since March 17, 2017 and its Member of Management Board since April 4, 2016. Mr. Blanco Diégu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jose Blanco Diéguez	Chairman of Management Board & CEO	8.6yrs	€1.20m	no data
Ilya Hartmann	CFO & Member of Management Board	3.8yrs	€606.46k	no data
Patxi Landa	Chief Sales Officer & Member of Management Board	8.6yrs	€759.75k	no data
Anja Siehler	Head of Investor Relations	no data	no data	no data
Ralf Peters	Head of Corporate Communications	no data	no data	no data
Kumar Sharma	Chief Executive Officer of North America	less than a year	no data	no data
John McComas	Chief Operating Officer of North America	less than a year	no data	no data

3.8yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 0MEC's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wolfgang Ziebart	Independent Chairman of Supervisory Board	15.8yrs	€69.00k	no data
Martin Wolfgang Rey	Independent Member of Supervisory Board	19.4yrs	€36.00k	no data
Jan Klatten	Member of Supervisory Board	19.4yrs	€39.00k	no data
Juan Muro-Lara Girod	Deputy Chairman of Supervisory Board	8.5yrs	€51.00k	no data
Maria Cordon Ucar	Member of Supervisory Board	3.2yrs	€33.00k	no data
Maria Blanco Alvarez	Member of the Supervisory Board	2.5yrs	€33.00k	no data

12.1yrs

Average Tenure

62yo

Average Age

Experienced Board: 0MEC's board of directors are seasoned and experienced ( 12.1 years average tenure).

Nordex Management

Management criteria checks 4/4

Key information

Recent management updates

The Nordex Group Announces Executive Changes

Nordex SE, Annual General Meeting, Jun 01, 2021

Recent updates

Now 21% overvalued

Third quarter 2024 earnings released

Nordex SE to Report Fiscal Year 2024 Results on Feb 27, 2025

Now 21% overvalued

Second quarter 2024 earnings released

First quarter 2024 earnings released: €0.06 loss per share (vs €1.01 loss in 1Q 2023)

The Nordex Group Announces Executive Changes

Full year 2023 earnings released: €1.33 loss per share (vs €2.71 loss in FY 2022)

Nordex SE to Report Fiscal Year 2023 Final Results on Feb 29, 2024

Now 20% undervalued

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: €0.15 loss per share (vs €0.43 loss in 3Q 2022)

Nordex SE to Report Q3, 2024 Results on Nov 14, 2024

Second quarter 2023 earnings released: €0.36 loss per share (vs €0.82 loss in 2Q 2022)

First quarter 2023 earnings released: €1.01 loss per share (vs €0.94 loss in 1Q 2022)

Full year 2022 earnings released: €2.71 loss per share (vs €1.68 loss in FY 2021)

Third quarter 2022 earnings released: €0.43 loss per share (vs €0.30 loss in 3Q 2021)

Nordex SE to Report Q1, 2023 Results on May 11, 2023

Nordex Group Expands Its Turbine Fleet with Another Highly Efficient Turbine of the Delta4000 Series: the N175/6.X

Second quarter 2022 earnings released: €0.83 loss per share (vs €0.08 loss in 2Q 2021)

Nordex SE Receives Orders for 100 MW from Germany in July

Nordex SE Provides Consolidated Earnings Guidance for the Financial Year 2022

Nordex SE announced that it expects to receive €139.218296 million in funding from Acciona, S.A.

First quarter 2022 earnings released: €0.94 loss per share (vs €0.47 loss in 1Q 2021)

Nordex SE Provides Earnings Guidance for the Year 2022

Nordex Group Updates Guidance for Current Financial Year 2022

Full year 2021 earnings released: €1.68 loss per share (vs €1.21 loss in FY 2020)

Forecast breakeven date pushed back to 2023

Third quarter 2021 earnings released: €0.30 loss per share (vs €0.68 profit in 3Q 2020)

Forecast to breakeven in 2021

Second quarter 2021 earnings released: €0.08 loss per share (vs €1.33 loss in 2Q 2020)

Forecast breakeven pushed back to 2022

Nordex SE Provides Earnings Guidance for the Year 2021

First quarter 2021 earnings released: €0.47 loss per share (vs €0.36 loss in 1Q 2020)

Nordex SE Provides Consolidated Sales Guidance for the Year 2021

Nordex Group Receives Orders for 33 MW from RWE from France

CFO & Member of Management Board has left the company

Nordex Group Receives Order for 33 MW from the Netherlands

The Nordex Group Will Deliver Seven N133/4800 to Italy

Nordex SE to Report Q2, 2021 Results on Aug 12, 2021

New 90-day high: €25.90

Nordex Group Receives an Order for 131 MW in Sweden

Nordex Group Receives Major Order for 518 MW from Statkraft in Brazil

New 90-day high: €22.58

New 90-day high: €20.36

Nordex Group Receives IEC Type Certification for N149/5.X Turbine from Tüv Süd

Nordex SE to Report Q3, 2021 Results on Nov 15, 2021

Nordex SE, Annual General Meeting, Jun 01, 2021

Revenue misses expectations

Third quarter 2020 earnings released: EPS €0.68

New 90-day high: €15.44

RWE Aktiengesellschaft (XTRA:RWE) completed the acquisition of 2.7-GW Onshore Wind and Solar Project Development Pipeline of Nordex SE (XTRA:NDX1).

Nordex Group Receives Order for 62 MW from the UK

Nordex Group Receives an 297 MW Order from the USA

New 90-day high: €12.00

The Nordex Group Receives 24 MW Order from Its Regular Customer Sancak Enerji in Turkey

Nordex Group Receives New Orders for 227 Mw from Europe

New 90-day high - €11.53

New 90-day high - €10.99

RWE Aktiengesellschaft (XTRA:RWE) agreed to acquire 2.7-GW onshore wind and solar project development pipeline from Nordex SE (XTRA:NDX1) for approximately €400 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age