Nordex growing with significantly improved profitability in H1/2014
Hamburg, Germany - In the first six months of the current year, the Nordex Group achieved a 23.4 percent increase in sales to EUR 815.4 million (H1/2013: EUR 660.6 million). Consolidated operating earnings rose by 147 percent to EUR 37.1 million (H1/2013: EUR 15.0 million), equivalent to an EBIT margin of 4.5% (H1/2013: 2.2%). This performance was particularly driven by economies of scale. At the same time, Nordex was able to lower its structural costs again. Consolidated net profit rose to EUR 16.5 million (H1/2013: EUR 1.3 million).
Source: IWR Online, 15 Aug 2014