Nordex targets profitable growth in 2015

Hamburg - On the basis of its audited consolidated financial statements which have now been released, Nordex confirms the preliminary figures for 2014 reported in February.

According to these figures, the Group increased its sales by some 21 percent to EUR 1,734.5 million in 2014 (2013: EUR 1,429.3 million), with earnings before interest and taxes rising by 76 percent to EUR 78.0 million (2013: EUR 44.3 million). Consolidated net profit grew almost four-fold to EUR 39.0 million (2013: EUR 10.3 million). Due to the increased profit and a further improvement in the working capital ratio to -2.3% (2013: 2.2%), free cash flow rose to EUR 88.7 million (2013: EUR 23.8 million).

At EUR 1,754 million in 2014, order intake exceeded expectations slightly and was up 16.7 percent on the previous year (2013: EUR 1,503 million). With the book-to-bill ratio consistently positive, the backlog of firmly financed orders continued to rise to EUR 1,462 million as of the reporting date (2013: EUR 1,259 million).

Source: IWR Online, 23 Mar 2015