Nordex plans to focus more on higher margin activities such as the service business and project development – and is also considering job cuts – as it looks to counter price and volume pressures that prompted the wind turbine maker last week to a drastically cut its revenue estimates, chief executive Lars Bondo Krogsgaard said.
“We will look at structural costs in order to improve the quality of margins at Nordex,” Bondo Krogsgaard said during a conference call on its 2016 results.
