Nordex Entering 2016 With Double-Digit Sales Growth

Hamburg, Germany - Wind turbine manufacturer Nordex SE entered 2016 with strong top-line growth. Sales rose by 28.3% to EUR 637.0 million (Q1 2015: EUR 496.5 million).

This increase was materially due to operating performance in the production and installation areas. These figures do not yet include Acciona Windpower, which has been part of the Nordex Group since 1 April 2016. The new subsidiary will be consolidated from the second quarter of 2016.

At 573.9 MW, turbine production output was a good 24% up on the same period of the previous year (Q1 2015: 462.1 MW). Rotor blade production also rose very substantially by 141% or 66 units to 159 rotor blades.

Nordex installed a capacity of 490.5 MW in nine wind markets in the period under review, equivalent to a significant increase of more than 100% over the same period of the previous year, when 240.2 MW was installed in nine countries. The main markets in the period under review were Germany with 147 MW, Pakistan with 95 MW and France with 72 MW.

New business performed in line with expectations in the first quarter. During this period, the Nordex Group received firmly financed orders worth EUR 541.0 million (1st quarter 2015: EUR 644.1 million). The 16% decline is due to a special effect arising in the previous year. Thus, a large-scale contract was received in the 1st quarter of 2015 and is still being executed, as a result of which large parts of it are still assigned to the order backlog.

The firmly financed turbine order backlog was valued at EUR 1,638.0 million as of 31 March 2016 and was thus unchanged over the previous year (31 March 2015: EUR 1,656.9 million).

After the end of the quarter, on 1 April 2016, the merger with Corporaci

Source: IWR Online, 10 May 2016