Nordex SE (NRDXF) Q2 2023 Earnings Call Transcript

Nordex SE (OTCPK:NRDXF) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET

Company Participants

Felix Zander – Investor Relations

Jose Luis Blanco – Chief Executive Officer

Patxi Landa – Chief Scientific Officer

Ilya Hartmann – Chief Financial Officer

Conference Call Participants

Vivek Midha – Citi

John Kim – Deutsche Bank

Constantin Hesse – Jefferies

Sean McLoughlin – HSBC

Benjamin Heelan – Bank of America

William Mackie – Kepler Cheuvreux


Felix Zander

Good afternoon, ladies and gentlemen. And welcome on behalf of Nordex to our Analyst and Investor Call today. Our Board, our CEO, Jose Luis Blanco; our CFO, Dr. Ilya Hartmann; and our CSO, Patxi Landa, are here with us guiding to you through our slide deck which we have prepared for you today. They will share information about the latest developments, financials and markets. And as you’ve heard, the presentation is followed by a Q&A, I would like to ask you to limit yourself up to three questions, please.

And now, I would like to hand over to our CEO, Jose Luis. Please go ahead.

Jose Luis Blanco

Thank you very much for the introduction, Felix. I would like to welcome you as well on behalf of the entire Board. As mentioned, Patxi Landa and Ilya Hartmann are with me today in the call, guiding you through our presentation and taking your questions later.

For today, we have prepared our usual agenda. As usual, let me start with the executive summary of the first half of 2023. Our performance in the second quarter was in line with our expectations, as indicated in our Q1 call in May and we expected continued improvement in our performance in the second half of the year as volumes should pick up further, with better prices of the orders started to flow through our financials. Our order intake

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