Nordex's YoY losses up 133% and Debt/Equity ratio up 54%FUNDAMENTAL ANALYSIS
Current liabilities increased 47% up to €3.4bn in 2022 from €2.3bn in 2021. Non-current liabilities decreased 37%.
Debt to Equity ratio (2022) = 4.42x
Debt to Equity ratio (2021) = 2.87x
Losses YoY increased 133% to €522 million. EBITDA turned negative in 2022 to -€244 million from €52,672 million in 2021.
Almost all Guidance provided in March 2022 was exceeded downwards except for Sales Guidance.
Positive side: Sales increased 4.58%.
TECHNICAL ANALYSIS
Since April 6, the company has entered into a downward trend that in Oct 2022 attempted to turn around. However, the banking crisis and inflation fears persist in a way that Nordex's stock performance graph experienced the appearance of a Bearish Bat pattern whose prophecy together with its recently issued FY 2022 results could materialise in the following days and weeks to come.
