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Windtech International May June 2024 issue

 

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In the second quarter of 2015, the Nordex Group improved its performance, with sales climbing by more than 54% to € 603.8 million in this period (Q2/2014: € 390.9 million). Over the first half of 2015 as a whole, sales rose by 35% and sales came to € 1.1 billion during the period (H1/2014: € 815.4 million).

The European region contributed 86% of total sales. Nordex generated a further 14% of its business in the Americas. Turbine assembly output rose by around 75% to 1,013MW (H1/2014: 579.1MW).  Earnings before interest and taxes (EBIT) rose by 130% to € 36.7 million in the second quarter (Q2/2014: € 15.9 million). In the first half of 2015 as a whole, EBIT rose by 66% to € 61.5 million (H1/2014: € 37.1 million).  Consolidated net profit climbed by 123% to € 36.9 million in the first half of the year. Order intake rose by 48.9% to € 1,353.5 million in the first half of the year (H1/2014: € 908.9 million). Consequently, the order backlog climbed by 25.7% to just under € 1.8 billion and secures the growth expected in 2015. The Management Board has now raised its guidance range for sales and now forecasts sales of € 2.0 – 2.2 billion (previously € 1.9 – 2.1 billion). At the same time, the forecast for order intake has been revised upwards. Accordingly, new business is expected to reach € 2.1 – 2.3 billion (previously: € 1.8 – 2.0 billion). In addition, Nordex continues to expect the operating margin to widen to 5.0 - 6.0%.

 
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