- Published: 15 August 2013 15 August 2013
The Nordex Group posted a 57% increase in sales to around € 661 million in the first half of 2013 (H1/2012: € 421 million). Nordex generated 93% (H1/2012: 80%) of its sales in Europe and the proportion of business from America and Asia taken together declined.
Production of turbines rose 93% to 657.2MW, while the capacity of newly installed turbines doubled almost to 560.8MW. Earnings before interest and taxes (EBIT) improved to € 15 million (H1/2012: loss of € 13.1 million at the EBIT level), materially underpinned by increased productivity, the marketing of new turbines and technical solutions and various cost-cutting efforts. After tax, Nordex earned net consolidated profit of € 1.3 million in this period (H1/2012: net loss of € 23.3 million). Firm order backlog has risen of € 1.3 billion. In addition, the group has conditional orders on its books worth over € 1.0 billion. Nordex SE’s Management Board has raised its forecast for the rest of the year and is now looking for full-year sales and order intake of € 1.3 - 1.4 billion in 2013 (previously: € 1.2 - 1.3 billion). The EBIT margin target has been adjusted upwards to 2.5 - 3.5%.