Amid falling profits and a plunge in its order intake during the first nine months of 2017, the Nordex group has acknowledged it won’t meet its 2017 sales target and announced an increase in its planned cost reduction target.

Sales at the German-Spanish OEM fell 0.9% to €2.32bn ($2.71bn) during the first nine months of 2017 when compared to the year-earlier period, as a rise in the service segment couldn’t compensate for a decline in the projects segment.