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Nordex SE

euro adhoc: Nordex AG
Annual Reports
Nordex rising sales and heightened profitability Increase in sales to EUR 151 million
80% increase in net profit

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
15.05.2007
Hamburg, May 15, 2007. In the first quarter of the current fiscal 
year, the Nordex Group (ISIN: DE000A0D6554) achieved as planned a 21 
percent increase in sales to EUR 151 million (previous year: EUR 125 
million). In fact, new business widened by 37 percent to EUR 361 
million (previous year: EUR 263 million). Unconditional and 
conditional orders climbed in value by 53 percent to around EUR 1.36 
billion (previous year: EUR 890 million), sufficient to keep the 
Company busy until the end of 2008.
Earnings before interest and tax (EBIT) improved by 52 percent to EUR
5.6 million (previous year: EUR 3.7 million). Accordingly, the return
on sales widened from 2.9 percent to 3.7 percent. This encouraging 
performance was materially due to the completion of recently received
projects with higher margin contributions. At the same time, Nordex 
was able to trim its cost of materials ratio to 79 percent (previous 
year: 80 percent). Thanks to its high liquidity (March 31, 2007: EUR 
110 million), Nordex achieved an almost balanced financial result. 
This is materially reflected in net profit, which rose by around 80 
percent to EUR 4.7 million (previous year: EUR 2.6 million).
The sourcing difficulties in some parts of the market and the 
establishment of new production sites in China led to an increase in 
inventories for projects to be completed in the short term. 
Accordingly, inventories were up 11 percent to EUR 157 million as of 
the balance sheet date. The equity ratio was virtually unchanged at 
33 percent.
Looking ahead over the next few quarters, the Management Board 
expects further growth in business volumes together with a higher 
return on sales. Nordex continues to project fullyear sales of more 
than EUR 750 million for 2007 (previous year: EUR 514 million). The 
EBIT margin is expected to come to around 6 percent (previous year 
3.2%).
end of announcement                               euro adhoc 15.05.2007 08:18:36

Further inquiry note:

Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share, TecDAX, HDAX,
Midcap Market Index
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

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