euro adhoc: Nordex AG
Earnings Forecast
Nordex aiming to double margins in
2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
19.12.2006
Outlook for 2007: Sales to increase to approx. EUR 750 million, EBIT margin of 6%
Hamburg, December 19, 2006. The Nordex Group (ISIN: DE000A0D6554) has released its guidance for fiscal 2007 in greater detail. Next year, the wind turbine producer plans to roughly double its EBIT margin to 6 percent. For 2006, it is seeking a margin of at least 3 percent. At the same time, sales in 2007 are to climb by roughly 50 percent to more than EUR 750 million (2006e: more than EUR 500 million) thanks to the sharp rise in international demand for the Companys multi-megawatt turbines. Between January and November 2006, Nordex received new orders worth roughly EUR 700 million. In addition, it has been able to sign contracts to secure numerous projects. At the same time, the share of foreign business has widened to 85 percent.
Next year, sales and earnings are to be increased step by step. Thus, a business volume of around EUR 230 million is budgeted for the third quarter. Thereafter, the Group will scale back output to prepare its production facilities for the sales volume of EUR 1 billion planned for 2008.
Nordexs international expansion plans will be initially concentrating on Europe excluding Germany. Sales potential here is sufficient to ensure annual growth of up to 60 percent in the medium term. In addition, Nordex has set itself the goal of achieving double-digit margin growth in all core regions. It will be reaching this goal in Europe for the first time next year. In the long term, it also wants to generate significant business volumes in Asia and North America. For this purpose, Nordex has constructed two new factories in China this year.
Information for analysts and press: During the international conference call scheduled for 3.00 p.m. (CET) this afternoon, the Management Board will be providing details of the Companys outlook for 2007. The telephone number is available at the company.
end of announcement euro adhoc 19.12.2006 08:10:05
Further inquiry note:
Felix Losada
Tel.: +49 (0)40 50098 100
flosada@nordex-online.com
Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Original content of: Nordex SE, transmitted by news aktuell