Nordex SE — Earnings Release 2013

Sep 24, 2014

News Details

Corporate | 24 September 2014 15:59

Nordex plans to significantly improve earnings by 2017

DGAP-News: Nordex SE / Key word(s): Results Forecast

24.09.2014 / 15:59

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* EBIT margin to increase to 7-8% by 2017
* Moderate growth to EUR 2 bn
* Double-digit reduction in levelized cost of energy (LCoE)
* New internal processes to lower costs

Hamburg, 24 September 2014. The Nordex Group (ISIN: DE000A0D6554) has set
itself new financial targets: as announced by the Management Board at its
Capital Markets Day in Hamburg, the Group plans to achieve a sales level of
EUR 2 bn by 2017 (2013: EUR 1.4 bn) while substantially improving its
operating result to an EBIT margin of 7-8 percent (2013: 3.0%). "We will
focus strongly on improving profitability during the next period. In the
course of the realignment process over the last few years Nordex grew
dramatically, achieved the level of sales required for the turnaround and
is now profitable. We intend to build on this success by optimising our
internal processes to bring them in line with our business profile," says
Dr. Jürgen Zeschky, CEO of Nordex SE.

Since the new Management Board under CEO Zeschky took the helm at Nordex in
spring 2012 the Group has increased revenues by more than 55 percent to EUR
1.4 bn and turned into a profitable company. In the period up to 2017
Nordex plans to further enhance its new successful position as a specialist
provider of complex solutions, concentrating on some 20 international
markets. Jürgen Zeschky: "The aim of our products and services is always to
create value for our customers. Of course, first and foremost this means
more efficient products. But there is also plenty of potential for
increasing earnings in the design of a wind farm." With this in mind,
Nordex aims to reduce the levelized cost of energy from wind by between 12
and 15 percent and plans to offer more customised solutions in the
so-called 'micrositing' of wind farms.

"The reorganisation and sales growth of as much as 30% in some years put a
great deal of stress on the organisation. We have competitive products and
a successful sales and service strategy. We will now focus on adapting our
business processes so that we can become even more profitable," says Dr.
Zeschky. He is also thinking of a process infrastructure that is geared to
project business and that takes account of the fact that Nordex is not a
conventional manufacturer of standardised series products. Dr. Zeschky:
"Our approach is not to produce 600 to 700 turbines per year but to
complete around 100 projects successfully. Behind every project, there is a
customer, who we support professionally in the construction of their wind
farm."

In spite of the moderate growth path Nordex intends to follow in the coming
years, the Management Board stresses that the Group will outperform the
market in its sales regions. Average annual growth is set to hit the 8
percent mark, supported by increased market share in the core markets, new
markets and organic growth in the service business.

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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: info@nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

End of News DGAP News-Service

288560 24.09.2014