José Blanco

Chief Executive Officer, Nordex

Search every verified José Blanco interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During a March 2020 conference call for Nordex's full-year 2019 results, CEO José Blanco discussed the company's market position and the impact of the COVID-19 pandemic. Blanco stated that, according to a McKinsey report, Nordex was a top-five global company including Chinese competitors and a top-four global order intake company excluding Chinese competitors in 2019. He noted that the company's 2020 sales volume was expected to nearly double compared to 2019, and that operations would more than double the number of megawatts produced. Blanco outlined several measures Nordex was taking to address challenges related to COVID-19, including the formation of a cross-functional team to monitor project developments and manage working capital, inventory, and receivables. He said the company was prioritizing cash flow and payment profiles in its projects. Blanco provided guidance for 2020, subject to the unforeseeable extent and duration of global containment measures, projecting revenue between 4.2 and 4.8 billion euros, earnings before interest, taxes, depreciation, and amortization (EBITDA) between 160 and 250 million euros, a working capital ratio below zero, and capital expenditure of 140 million euros that might need to be increased due to supply chain restrictions. He added that management saw more risks than opportunities due to the pandemic.