FRANKFURT (dpa-AFX) - Nordex shares benefited on Thursday from the wind turbine manufacturer's business figures and an outlook for 2024. In the afternoon, they left the medium and longer-term trend lines behind and rose to their highest level since November. The shares recently traded up 9.7 percent at EUR 10.58, continuing the accelerated recovery of recent days.

However, the current recovery is not a real liberating blow: the Hamburg-based company's shares have largely been on a downward trend for some time. The company's value has halved over the past three years. In the current year, the share price gain amounts to a below-average 1.5 percent.

The wind turbine manufacturer expects a further improvement in its results in 2024. In the previous year, Nordex just made it into the black in its day-to-day business - following an operating loss in the previous year. The free cash flow amounted to EUR 20 million, after outflows of over half a billion a year earlier.

Expert Constantin Hesse from analyst firm Jefferies praised the positive cash flow in the past year and the strong sales target for 2024 in particular. At 7 to 7.7 billion euros, the latter clearly exceeded the consensus estimate of 6.44 billion euros./edh/la/he