- Published: 01 March 2017 01 March 2017
Nordex’ sales climbed by 40% to € 3.4 billion, including sales of € 726 million contributed by the new subsidiary Acciona Windpower (AWP). The main sales driver was Europe with € 2.3 billion, equivalent to a share of 69%. The share accounted by the Americas increased sharply to 22% (2015: 11.7%).
This success in the Americas is mainly due to the new subsidiary AWP. Total sales also include the service business, which grew by 28% to € 271.6 million. Operating earnings (EBITDA) climbed by 56.6% to € 285.5 million, translating into a margin of 8.4%, which is slightly above guidance. Consolidated net profit increased by 82.4% to € 95.4 million. The management board projects sales of € 3.1 - 3.3 billion in 2017. The decline over the previous year is due to project postponements in some core markets and delays in entry into the Indian market. The EBITDA margin is expected to amount to between 7.8% and 8.2%.