Wind turbine maker Nordex keeps margin outlook after profit drop - EntornoInteligente
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FRANKFURT: 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%.
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