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Nordex stake fuels earnings surge at Acciona

March 1, 2024

Via: reNews

Acciona Energia saw its full-year 2023 revenues and profits increase, driven in part by its acquisition of a stake in turbine manufacturer Nordex.

Acciona’s revenue rose 52% in 2023 compared to 2022 to reach €17.02bn and a net profit of €541m, an increase of 22.6%.

The group acquired a majority stake in Nordex, holding a 47.08% stake since 1 April, 2023. This contributed €5.27bn to the group’s revenues, corresponding to the nine months of consolidation, in a year that marks a major turning point for the subsidiary as it contributed a positive gross operating profit.

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