Nordex on track towards achieving full-year targets for 2013

Nordex SE / Key word(s): Quarter Results/Interim Report14.11.2013 / 07:29---------------------------------------------------------------------* Sales up 47% to EUR 1,051 million * Increase in EBIT to EUR 31 million* 85% increase in order intake to EUR 1,186 million* Earnings guidance confirmed, order intake goal raised Hamburg, 14 November 2013. In the first three quarters of the current year,the Nordex Group (ISIN: DE000A0D6554) posted a 47 percent increase in salesto EUR 1,051 million (30 September 2012: EUR 716 million). This growth wasunderpinned by business in the core EMEA market (Europe plus South Africa),where Nordex generated 91 percent of its sales. Business in the Americasand Asia accounted for six and three percent, respectively, of sales.This strong operating performance was based on the substantially increasedproduction and installation output. Thus, production rose by 64 percent to1,002 MW, with the volume of new installations climbing by 61 percent to924 MW. With a disproportionately low increase in staff costs, thistestifies to the substantial efficiency gains which Nordex has achievedthanks to its reorientation. Together with the execution of more profitableprojects, this resulted in a significant improvement in operating profit.The gross profit climbed by some 39 percent to EUR 241.7 million as of 30September 2013, accompanied by an increase in earnings before interest andtaxes to EUR 31 million (30 September 2012: EUR 2.3 million). Net profitamounted to EUR 5.3 million (30 September 2012: net loss of EUR 15.6million).As of 30 September 2013, the equity ratio rose slightly to 27.7 percent (31December 2012: 26.2%). Cash and cash equivalents amounted to EUR 138.6million, with net debt at a still low EUR 54 million. Moreover, Nordexachieved a working capital ratio of 11.2 percent, thus remaining within thetarget range.New business also remained promising. Firmly financed order intake rose by85 percent to EUR 1,186 million (30 September 2012: EUR 640 million). At 79percent, most of these came from the EMEA region, with the proportion ofnon-European business widening slightly. Orders from the Americas accountedfor 12 percent and those from Asia for nine percent. All told, the backlogof firm orders amounted to EUR 1,292 million as of 30 September 2013 (31December 2012: EUR 1,049 million).'We are very satisfied with our business performance in 2013 and arereaffirming the guidance that we had previously increased in the summer forthe current year. As we are even more confident about our order intake, weare now looking for a higher figure of EUR 1.4 - 1.5 billion. At the sametime, we confirm our expectation of being able to achieve our medium-termgoal in 2015,' says Dr. Jürgen Zeschky, CEO of Nordex SE. The ManagementBoard had forecast sales of EUR 1.3 - 1.4 billion and an EBIT margin of 2.5- 3.5 percent for 2013. Sales should rise to at least EUR 1.5 billion andthe margin to 5 percent by 2015.End of Corporate News---------------------------------------------------------------------14.11.2013 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and    English                                                Company:     Nordex SE                                                           Langenhorner Chaussee 600                                           22419 Hamburg                                                       Germany                                                Phone:       040 / 30030 1000                                       Fax:         040 / 30030 1101                                       E-mail:                                 Internet:                                  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  ---------------------------------------------------------------------  239826 14.11.2013