{"id":4961,"date":"2014-05-14T06:05:37","date_gmt":"2014-05-14T06:05:37","guid":{"rendered":"https:\/\/www.nordex-online.com\/en\/2014\/05\/nordex-se-raises-2014-guidance-after-strong-first-quarter\/"},"modified":"2025-08-14T06:39:12","modified_gmt":"2025-08-14T06:39:12","slug":"nordex-se-raises-2014-guidance-after-strong-first-quarter","status":"publish","type":"post","link":"https:\/\/www.nordex-online.com\/en\/2014\/05\/nordex-se-raises-2014-guidance-after-strong-first-quarter\/","title":{"rendered":"Nordex SE raises 2014 guidance after strong first quarter"},"content":{"rendered":"<pre>\n<b>Nordex SE  \/ Key word(s): Quarter Results\/Change in Forecast<\/b>\n\n14.05.2014 08:05\n\nDissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted\nby DGAP - a company of EQS Group AG.\nThe issuer is solely responsible for the content of this announcement.\n\n---------------------------------------------------------------------------\n\n\n* 64 percent surge in sales to EUR 424.5 million\n* Rise in EBIT to EUR 21.1 million\n* Free cash flow of EUR 14.8 million generated\n* 71 percent increase in order intake to EUR 562 million\n* Board raised full-year guidance after strong first quarter \n\nHamburg, 14 May 2014. Given the better-than-expected business performance\nof Nordex SE (ISIN: DE000A0D6554) in the first quarter of 2014, the\ncompany's Management Board has now raised its full-year sales and EBIT\nguidance.\n\nThe Nordex Group recorded further double digit growth in the first quarter\nof the current year. Sales increased by 64 percent to a record EUR 424.5\nmillion (Q1\/2013: EUR 259.0 million). At 71 percent, the EMEA region\n(Europe and Africa) accounted for the bulk of business. However, sales in\nthe Americas and Asia developed exceptionally well, rising to EUR 124.1\nmillion (Q1\/2013: EUR 14.5 million). Nordex's service business also climbed\nto EUR 34.3 million in the first quarter (Q1\/2013: EUR 30.8 million).\n\nConsolidated operating earnings rose to EUR 21.1 million (Q1\/2013: negative\noperating earnings of EUR 0.7 million), due in particular to cost-cutting\nmeasures and improved capacity utilisation. A further contributing factor\nwas the execution of more profitable orders. This is also reflected in the\nhigher gross margin of 24.0 percent (Q1\/2013: 21.3%). Consolidated net\nprofit amounted to EUR 9.1 million (Q1\/2013: consolidated net loss of EUR\n8.4 million).\n\nThe Nordex Group's balance sheet was even stronger as of 31 March 2014 with\nan equity ratio of 32.0 percent (31 December 2013: 30.9%) and an increase\nof EUR 11.7 million to EUR 344.7 million (31 December 2013: EUR 333.0\nmillion) in cash and cash equivalents. As a result, net liquidity rose to\nEUR 151.7 million thanks to high prepayments and substantially improved\ncash management. The working capital ratio reached a level of only 1.0% (31\nDecember 2013: 2.2%). In the first quarter, Nordex generated free cash flow\nof EUR 14.8 million (Q1\/2013: negative free cash flow of EUR 77.3 million).\n\nOrder intake rose by 71 percent to EUR 562 million (Q1\/2013: EUR 328\nmillion) in the first quarter, driven by successful marketing in Europe.\nWhat is more, the customer response to Nordex's recent product releases\nremained positive. This applies to the N117\/2400, which remains the\ntop-selling turbine, accounting for 34 percent of sales. The Generation\nDelta, which was launched last year, contributed 22 percent of orders. The\npositive book-to-bill ratio of 1.32 reflects a further increase in firmly\nfinanced orders of EUR 1.4 billion (Q1\/2013: EUR 1.1 billion).\n  \nWith business performance so far exceeding expectations and given the\nimproved forward visibility over the next few quarters, Nordex SE's\nManagement Board has raised its full-year guidance for 2014. Accordingly,\nthe Board is now looking for sales of EUR 1.5 - 1.6 billion (previous\nguidance EUR 1.4 - 1.5 billion). The EBIT margin is expected to reach 4.0 -\n5.0 percent (previous guidance 3.5 - 4.5 percent). In addition, Nordex will\nannounce its medium-term forecasts in the next few months.\n\n\n\nFor more information, please contact:\n\nNordex SE\nRalf Peters\nTelephone + 49 40 300 30 - 1000\nMobile: +49 (0)173 523 97 19\nrpeters@nordex-online.com\n\n\n14.05.2014 DGAP's Distribution Services include Regulatory Announcements,\nFinancial\/Corporate News and Press Releases.\nMedia archive at www.dgap-medientreff.de and www.dgap.de\n\n---------------------------------------------------------------------------\n \nLanguage:     English\nCompany:      Nordex SE\n              Erich-Schlesinger-Stra\u00dfe 50\n              18059 Rostock\n              Germany\nPhone:        +49 381 6663 3300\nFax:          +49 381 6663 3339\nE-mail:       info@nordex-online.com\nInternet:     www.nordex-online.com\nISIN:         DE000A0D6554\nWKN:          A0D655\nIndices:      TecDAX\nListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr\n              in Berlin, D\u00fcsseldorf, Hamburg, Hannover, M\u00fcnchen, Stuttgart\n \nEnd of Announcement                             DGAP News-Service\n \n---------------------------------------------------------------------------\n\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Nordex SE \/ Key word(s): Quarter Results\/Change in Forecast 14.05.2014 08:05 Dissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted by DGAP &#8211; a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212; * 64 percent surge in sales to EUR 424.5 million * [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_trash_the_other_posts":false,"editor_notices":[],"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-4961","post","type-post","status-publish","format-standard","hentry","category-adhoc","category-investor-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nordex SE raises 2014 guidance after strong first quarter - Nordex SE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nordex-online.com\/en\/2014\/05\/nordex-se-raises-2014-guidance-after-strong-first-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordex SE raises 2014 guidance after strong first quarter\" \/>\n<meta property=\"og:description\" content=\"Nordex SE \/ Key word(s): Quarter Results\/Change in Forecast 14.05.2014 08:05 Dissemination of an Ad hoc announcement according to \u00a7 15 WpHG, transmitted by DGAP - a company of EQS Group AG. 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