Nordex targets further growth and improvement in earnings in 2014

DGAP-News: Nordex SE / Key word(s): Final Results24.03.2014 / 11:59---------------------------------------------------------------------* Management Board confirms return to profitability* Positive free cash flow of EUR 23.8 million* Market share in the core EMEA region doubled to around 11%* Outlook for 2014: Sales to rise to EUR 1.5 billion,accompanied by an EBITmargin improvement to 3.5 - 4.5%Hamburg, 24 March 2014. On the basis of its audited consolidated financialstatements, Nordex (ISIN: DE000A0D6554) confirms the preliminary figuresfor 2013 which it had reported in February. Thus, consolidated sales roseby around 33 percent to EUR 1,429.3 million (previous year: EUR 1,075.3million), with return on sales widening to 3.1 percent. Consolidated profitafter interest and taxes amounted to EUR 10.3 million, compared with a lossof EUR 94.4 million in the previous year, which arose mainly as a result ofexceptional expenses in connection with the strategic realignment of theGroup.The gross margin expanded from 21.4 percent to the planned level of 22.6percent in 2013. This substantial improvement reflects operating measuressuch as cuts in the cost of materials of an average of around EUR 100,000per turbine, more profitable contracts with new products and moreprofessional execution of projects.This development was particularly encouraging as Nordex's production andinstallation output simultaneously reached a new record. Thus, turbineassembly output rose by 48 percent to 1,342 MW, while installations of newwind turbines increased by 36 percent to 1,254 MW. In this way, Nordex wasable to outperform industry trends and double its market share to almosteleven percent in its core EMEA region. In addition, Nordex installed windpower systems in South Africa and Uruguay for the first time. Consequently,Nordex is once again amongst the world's ten largest producers of onshorewind turbines.The Management Board projects a further increase in sales of up to EUR 1.5billion for the current year, which is almost fully covered by the orderbacklog. "I am optimistic about the outlook for our future growth. Thus, weexpect order intake of up to EUR 1.6 billion in 2014. However, even moreimportant than business volume is the steady improvement in our earningsquality. We are targeting an EBIT margin of between 3.5 and 4.5 percent for2014, supported by further progress in our "CORE 15" cost-cutting programmeand the commencement of series production of our new Delta productplatform," says CEO Dr. Jürgen Zeschky.In addition, the Management Board expects that the recently completedrefinancing will reduce interest expense and thus have a positive impact onconsolidated net profit. In addition, Nordex is aiming for a net cashinflow from operating activities for the third consecutive year (2013: EUR98.1 million).  Free cash flow amounted to EUR 23.8 million in 2013.As of the reporting date (31 December 2013), Nordex had a substantiallyimproved balance sheet with an equity ratio of 30.9 percent (31 December2012: 26.2%) and an increase in net liquidity to EUR 119.4 million (31December 2012: EUR 29.6 million).End of Corporate News---------------------------------------------------------------------24.03.2014 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                                                           Erich-Schlesinger-Straße 50                                         18059 Rostock                                                       Germany                                                Phone:       +49 381 6663 3300                                      Fax:         +49 381 6663 3339                                      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  ---------------------------------------------------------------------  259115 24.03.2014