Nordex's order intake drops to 1.4 GW in Q3

German wind turbine maker Nordex SE (ETR:NDX1) said today its order intake declined by 21.2% year-on-year in the third quarter of 2022 to 1,441 MW due to the tough economic environment.

The company received contracts for 227 wind turbine generators in the three months, which compares to 389 machines ordered in the year-ago period when it booked orders totalling 1,829 MW.

Customers from 11 countries signed deals to equip power plants with hardware made by the German firm. Brazil, Germany, Finland, Poland and Spain accounted for most of the orders.

"We recorded a solid order intake in the third quarter and this in a challenging environment,” said CEO Jose Luis Blanco. He noted that demand for Nordex’s product was strong in established markets in Europe and Latin America, especially for the N163/5.X model, regardless of the growing turbine prices.

Nordex closed the first nine months of this year with an order intake of 4,424 MW, excluding orders for wind turbine servicing. The total compares with orders for 4,610 MW of wind turbines in the same period of 2021.

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