Revenue of €1.77 billion for the first nine months of 2018 was down 23.8% from the same period last year.
This came despite revenue of €815.8 million in Q3, equal to 46% of its revenue total for the year to the end of September.
Similarly, its earnings before interest, tax, depreciation and amortisation (Ebitda) of €71.4 million between 1 January and 30 September was down 60.7% year-on-year. But the €33 million in operating profit in Q3 represented 46.2% of this total.
|Nordex key figures||Jul-Sep 17||Jul-Sep 18||Jan-Sep 17||Jan-Sep 18|
|Revenue (€ million)||818.3||815.8||2,320||1,773|
|Turbine orders (€ million)||203||733||1,110||2,300|
|Turbine orders (MW)||210||974||1,143||3,070|
Nordex had blamed "fierce competition" and price pressures in its first-half report, when revenue and earnings were even further below 2017 levels. The company made no mention of such factors in its nine-month report.
Meanwhile, its service order book swelled to a cumulative value of €2.15 billion by the end of the third quarter, up 15.4% year on year.
The manufacturer received service orders valued at €406.5 million in the first nine months of the year, of which €244.7 million (60.2%) came in the third quarter.
Its order book for projects has also grown this year, to a cumulative value of €3.13 billion by the end of September, up 186.1% on last year.
Nordex received project orders worth €2.34 billion in the first nine months of the year, with its 974MW of orders in the July-September quarter worth about €1.54 billion (65.9% of the nine-month total).
These orders in the first three quarters came from 17 different countries and were "well-balanced between the different regions", the company stated.
It received 38% of these orders from Latin America, 32% from Europe, 17% from North America and 13% from the rest of the world.
José Luis Blanco, Nordex CEO said: "We received a large number of orders from different markets around the world, achieving a healthy, diversified mix of new business.
"This will enable us to continue to compensate for temporary periods of weakness in individual markets, as is currently the case in certain European regions."