Nordex SE increases net profit significantly and reaffirms full-year guidance

Hamburg - The Nordex Group posted a 17 percent increase in sales to EUR 496.5 million in the first quarter of the current year (Q1/2014: EUR 424.5 million).

This growth was materially driven by business in EMEA (Europe/Africa), whereas sales in the Americas and in Asia declined. The sharp overall increase in activity is reflected in the 44.2 percent growth in production output. Thus, turbine production output rose to 462.1 MW (Q1/2014: 320.5 MW).

Consolidated operating earnings rose by 17.3 percent to EUR 24.8 million in the period under review (Q1/2014: EUR 21.1 million). This favourable performance is mainly due to economies of scale and a below-average increase in structural costs. Consolidated net profit rose by 62.6 percent to EUR 14.8 million (Q1/2014: EUR 9.1 million), which also reflects the substantial improvement in net finance expense.

Nordex SE

Source: IWR Online, 13 May 2015