euro adhoc: Nordex AG
Earnings Forecast
Nordex projecting sales of up to EUR
4 billion in 2011
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
27.06.2007
Nordex Group (ISIN: DE000A0D6554) is using the increased visibility of the business to provide firmer medium-term guidance and now projects sales of 2.5 to EUR 4 billion and an EBIT margin of 9 to 12% in 2011.
At EUR 2.1 billion, the order backlog (including conditional orders) reached a new record at the end of April 2007 and secures the Company´s previous target of annual top line growth of 50% beyond 2008. The improvement in the EBIT margin is primarily the result of growing capacity utilization and the execution of more profitable projects. All told, Nordex plans to invest around EUR 280 million in extending existing production facilities and building new ones between 2007 and 2011. These activities entail the enlargement of the European site in Rostock as well as the plants in China and - possibly in 2009 - the establishment of production facilities in the United States. In the process, capacity is to be widened from just under 1,000 megawatts (MW) to around 4,500 MW.
Nordex will be holding a telephone conference for analysts and investors at 10:30 (CET) today.
end of announcement euro adhoc 27.06.2007 07:36:02
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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade