Nordex SE — Earnings Release 2005

Oct 31, 2005

News Details

Ad-hoc | 31 October 2005 09:52

Nordex doubles new business in 3rd quarter

Ad hoc announcement §15 WpHG Nordex doubles new business in 3rd quarter Nordex doubles new business in 3rd quarter Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Nordex doubles new business in 3rd quarter EUR 280 mn in new orders in 9 months / full-year target raised Hamburg, 31 October 2005. Nordex AG has recorded a significant growth in new business for the second quarter in succession in this financial year. In the 3rd quarter of 2005 order receipts doubled on the basis of strict internal criteria to EUR 122.4 mn (previous year: EUR 61.2 mn). Overall, order receipts increased by some 60 per cent to EUR 279.9 million in the first nine months of the year (previous year: EUR 174.7 mn), putting them above projections. Around 83 per cent of orders in the 3rd quarter came from abroad. These include eight wind farm projects worth EUR 94 mn from France alone. The company received further orders from Portugal and China. Overall, in the 3rd quarter customers ordered 60 wind turbines with an installed output of around 122 megawatts from Nordex. With 36 N90 turbines, the largest machine currently produced by the manufacturer was the mainstay of sales, including an offshore project with the new N90/2500. The Nordex S70/S77 (1500 kW), previously only marketed in Germany, was sold abroad for the first time. As at 30 September 2005, the order backlog rose by 88 per cent to around EUR 261 mn (previous year: EUR 139 mn), foreign orders accounting for some 80 per cent of these projects, with France (EUR 126 mn) as the principal focus. Due to the strong demand, Nordex is raising its projections for order intake in fiscal 2005 from EUR 300 mn to more than EUR 350 mn (previous year: EUR 237 mn). The company continues to forecast annual revenues of some EUR 280 mn (previous year: EUR 214 mn). Nordex will be publishing the complete report on the 3rd quarter of 2005 on 29 November 2005. For more information, please contact: Nordex AG Ralf Peters Phone: +49 (0)40 / 500 – 100, Telefax: – 333 Note on order receipts: Nordex only books projects as order receipts when the sales contract has been signed, building permission has been granted and an agreement on grid connection has been concluded. Furthermore, the customer’s financing must have been checked and a deposit of around 20 per cent received. Nordex AG Bornbarch 2 22848 Norderstedt Deutschland ISIN: DE000A0D6554 WKN: A0D655 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf und Stuttgart End of ad hoc announcement (c)DGAP 31.10.2005 310952 Okt 05