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Windtech International May June 2024 issue






According to its provisional consolidated financial statements for 2012, sales of the Nordex Group rose by 17.3 percent to € 1,075.3 million.

Earnings before interest, taxes and exceptionals were € 14 million (previous year: loss of € 7.6 million). The growth resulted primarily from strong business in the EMEA region, where sales grew by 28 per cent to € 868.9 million. Sales of the US subsidiary was € 191.6 million (previous year: € 200.7 million). Asian sales declined to € 14.8 million from previous year € 37.5 million. The company decided to reorganise their activities in the USA and China. On the one hand, this involved the discontinued production of the rotor blade facility in Dongying, China. On the other hand, Nordex is planning adjusting capacities at the assembly plants in the light of expected order intake. The exceptional expenses arising in connection with the structural adjustments in the USA and China amounted to € 75.0 million. Of this, the USA accounted for € 44.8 million and China for € 30 million. The improvement in earnings before interest, taxes and exceptionals to € 14.0 million (previous year: loss of € 7.6 million) was mainly due to economies of scale. Moreover, Nordex was able to lower its structural costs by just under € 8 million despite rising business volume. The loss at the EBIT level after exceptionals amounted to € 61.1 million (previous year: loss of € 27.0 million). After interest and taxes, a consolidated loss of € 94.4 million was sustained (previous year: loss of € 49.5 million). Nordex expects sales in a range of € 1.2 billion to € 1.3 billion in 2013 and expects the EBIT margin to widen to 2 to 3 percent. The final financial statements will be published on 25 March 2013.
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