Nordex has cut its guidance for the full year of 2021 despite a slight improvement in preliminary third quarter profits, pointing to cost pressures and the current challenges in logistics in the aftermath of the Covid-19 pandemic that have also plagued other wind turbine manufacturers.
"Sales have developed better than expected and initiatives to enhance operational excellence and further expand capacity have been very successful – but this has not been enough to fully offset the increasing costs of materials and logistics, particularly the surge in shipping costs during the third quarter," chief executive José Luis Blanco said.
