Nordex swings to first-half profit as wind turbine markets recover

FRANKFURT (Reuters) - German wind turbine maker Nordex on Thursday said it swung to a core profit in the first half as global markets recovered from the coronavirus crisis, but cautioned that the impact on the supply chain was still visible.

First-half earnings before interest, tax, depreciation and amortisation (EBITDA) reached 68.4 million euros ($80.3 million), compared with a 70.8 million loss in the same period last year.

"While the direct consequences of the pandemic continue to subside, due in part to the widespread vaccination of our workforce, the indirect impact of this crisis is still readily apparent from the disruption to the raw materials and logistics markets," Chief Executive José Luis Blanco said.

"Our task now is to manage this successfully."

Nordex, in which Spain's Acciona owns a 33.6% stake, also kept its full-year guidance, still expecting sales of 4.7-5.2 billion euros and an EBITDA margin of 4.0-5.5%.

Denmark's Vestas, the world's largest maker of wind turbines, a day earlier cut its outlook, also pointing to higher costs and supply constraints.

($1 = 0.8516 euros)

(Reporting by Christoph Steitz; Editing by Tomasz Janowski)