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Nordex expects higher 2021 sales as COVID impact weakens

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FRANKFURT (Reuters) - German wind turbine maker Nordex on Tuesday said it expects sales and operating margins to rise in 2021, saying the impact of the COVID-19 pandemic would subside from the second quarter.

Sales are expected to rise to 4.7 billion to 5.2 billion euros ($5.6-$6.2 billion) in 2021 compared with 4.65 billion in 2020, while the core profit (EBITDA) margin is seen at 4.0%-5.5%, up from 2.0% in 2020, Nordex said.

(Reporting by Christoph Steitz; Editing by Riham Alkousaa)