Targets in Q3/2016 reached
Sales up by 31 percent to over EUR 2.3 billion
47 percent increase in EBITDA to EUR 204 million
Sales and earnings now expected at the lower end of the target range
Hamburg, 10 November 2016. The Nordex Group (ISIN: DE000A0D6554) posted a 31 percent increase in sales to EUR 2,339.5 million in the first nine months of 2016, which represents an organic growth of 10.6 percent. The merger with Acciona Windpower (AWP) was completed in the second quarter of 2016 and AWP has been consolidated in the Nordex Group from 1 April.
In the reporting period under review, AWP contributed 24 percent of the Group’s order intake and is expected to play a growing role in the final quarter of the year. In total, Nordex’s new business was thus valued at EUR 2.17 billion. At EUR 841 million, order intake in the third quarter was in line with expectations.
The main sources of new business were Germany and North and South America. Order intake from Germany in the third quarter rose by EUR 216 million to EUR 741 million, new business from the Americas climbing by EUR 318 million to EUR 523 million. Further orders came in particular from other EMEA markets, i.e. Europe and South Africa.
