Nordex Targets Further Growth And Improvement In Earnings In 2014

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On the basis of its audited consolidated financial statements, Nordex confirms the preliminary figures for 2013 which it had reported in February. Thus, consolidated sales rose by around 33 percent to EUR 1,429.3 million (previous year: EUR 1,075.3 million), with return on sales widening to 3.1 percent. Consolidated profit after interest and taxes amounted to EUR 10.3 million, compared with a loss of EUR 94.4 million in the previous year, which arose mainly as a result of exceptional expenses in connection with the strategic realignment of the Group.

The gross margin expanded from 21.4 percent to the planned level of 22.6 percent in 2013.

This substantial improvement reflects operating measures such as cuts in the cost of materials of an average of around EUR 100,000 per turbine, more profitable contracts with new products and more professional execution of projects.

This development was particularly encouraging as Nordex’s production and installation output simultaneously reached a new record. Thus, turbine assembly output rose by 48 percent to 1,342 MW, while installations of new wind turbines increased by 36 percent to 1,254 MW.

In this way, Nordex was able to outperform industry trends and double its market share to almost eleven percent in its core EMEA region. In addition, Nordex installed wind power systems in South Africa and Uruguay for the first time. Consequently, Nordex is once again amongst the world’s ten largest producers of onshore wind turbines.