Wind turbine-maker Nordex saw losses widen in the first quarter as “old projects with a poor cost structure” continued to weigh on the German group.

Nordex posted a net loss of €214.8m for the first three months of the year, against a €150.5m deficit at the same stage in 2022.

Operating profit (Ebitda) was a negative €114.9m with a margin of -9.4%.