Wind turbine maker Nordex keeps margin outlook after profit drop

Wed, 14th Aug 2019 06:17

FRANKFURT, Aug 14 (Reuters) - German wind turbine maker Nordex on Wednesday kept its forecast for a core operating margin of 3-5% after profits more than halved in the first half, saying it expected business to pick up considerably in the remainder of the year.

First-half earnings before interest, tax, depreciation and amortisation (EBITDA) fell 55% to 17.1 million euros ($19.10 million), resulting in a margin of 1.7%.

($1 = 0.8954 euros)

(Reporting by Christoph Steitz Editing by Thomas Seythal)

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