Nordex reduced its revenues forecast for this year amid lower business expectations in some core markets, sending its shares down 17.6% to €13.67 in late afternoon trading in Frankfurt on Friday.

During a review of figures for this financial year and the medium-term target for 2018, Nordex said revenues this year are likely to dip to between €3.1bn and €3.3bn, a drop compared to 2016.

While