Nordex is no longer on course to achieve its target of €1bn ($1.36bn) of sales this year. It expects the total to come in around €80m below that figure because of a downturn in the current fourth quarter.
“This will result in an operating loss before one-off expenses of €10m,” says the company.
“The sovereign debt crisis in Europe and rising equity requirements imposed on banks have rendered financing of wind farm projects more difficult again,” Nordex told its investors.
“As
