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Windtech International July August 2024 issue

 

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Nordex's sales increased by 45% in 2007 to roughly € 747 (previous year: 514) million.

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Earnings before interest and taxes (EBIT) rose by around 142% to € 40.1 (previous year: 16.6) million. As a result, the return on sales widened to 5.4% (3.2%). The surge in profits was driven by economies of scale and the greater profitability of the projects completed. Thus, the personnel cost/sales ratio dropped to 6.8% (7.6%), with the cost of materials/sales ratio also receding slightly despite higher sourcing costs. Net income in 2007 surged fourfold to almost € 48.0 (previous year: 12.6) million. Order books increased in value by 142% to € 2.9 (previous year: 1.2) billion and comprise firm orders of € 1.0 billion (previous year:? € 513 million) and conditional orders of € 1.9 billion (previous year: € 674 million).
 
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