Published: 15 May 2012 15 May 2012
The Nordex Group posted an 8.3 per cent increase in sales to € 198.3 million in the first quarter of 2012 (previous year: € 183.1 million). As expected, business volume thus accounted for just under 20% of the forecast full-year sales.

Sales were particularly underpinned by business in Europe, the most important sales region, in which business volume rose by 17.2% to € 169.3 million. Operating profit was burdened by below-average capacity utilisation and lower margins on projects. Earnings before interest and taxes amounted to a loss of € 9.0 million in the first quarter of 2012 (Q1/2011: EBIT of € 0.4 million). At the same time, Nordex lowered its structural costs by some 10%, including a 41.3% reduction in net other operating expenses. The consolidated loss after interest and taxes amounted to € 14 million (Q1/2011: loss of € 1.8 million). Order intake was particularly encouraging, rising to € 312 million (Q1/2011: € 154 million). As a result, the order book grew to € 837 million (Q1/2011: € 402 million). The Management Board of Nordex SE confirms its forecast for 2012 of an increase in sales to € 1.0 - 1.1 billion. Depending on sales and price trends, Nordex also expects to achieve an EBIT margin of between 1% and 3%. With rising capacity utilisation and profitability of the projects still to be executed, this profit will be achieved entirely in the second half of the year.
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