Nordex plans to significantly improve earnings by 2017

DGAP-News: Nordex SE / Key word(s): Results Forecast24.09.2014 / 15:59---------------------------------------------------------------------* EBIT margin to increase to 7-8% by 2017* Moderate growth to EUR 2 bn* Double-digit reduction in levelized cost of energy (LCoE)* New internal processes to lower costsHamburg, 24 September 2014. The Nordex Group (ISIN: DE000A0D6554) has setitself new financial targets: as announced by the Management Board at itsCapital Markets Day in Hamburg, the Group plans to achieve a sales level ofEUR 2 bn by 2017 (2013: EUR 1.4 bn) while substantially improving itsoperating result to an EBIT margin of 7-8 percent (2013: 3.0%). "We willfocus strongly on improving profitability during the next period. In thecourse of the realignment process over the last few years Nordex grewdramatically, achieved the level of sales required for the turnaround andis now profitable. We intend to build on this success by optimising ourinternal processes to bring them in line with our business profile," saysDr. Jürgen Zeschky, CEO of Nordex SE.Since the new Management Board under CEO Zeschky took the helm at Nordex inspring 2012 the Group has increased revenues by more than 55 percent to EUR1.4 bn and turned into a profitable company. In the period up to 2017Nordex plans to further enhance its new successful position as a specialistprovider of complex solutions, concentrating on some 20 internationalmarkets. Jürgen Zeschky: "The aim of our products and services is always tocreate value for our customers. Of course, first and foremost this meansmore efficient products. But there is also plenty of potential forincreasing earnings in the design of a wind farm." With this in mind,Nordex aims to reduce the levelized cost of energy from wind by between 12and 15 percent and plans to offer more customised solutions in theso-called 'micrositing' of wind farms."The reorganisation and sales growth of as much as 30% in some years put agreat deal of stress on the organisation. We have competitive products anda successful sales and service strategy. We will now focus on adapting ourbusiness processes so that we can become even more profitable," says Dr.Zeschky. He is also thinking of a process infrastructure that is geared toproject business and that takes account of the fact that Nordex is not aconventional manufacturer of standardised series products. Dr. Zeschky:"Our approach is not to produce 600 to 700 turbines per year but tocomplete around 100 projects successfully. Behind every project, there is acustomer, who we support professionally in the construction of their windfarm."In spite of the moderate growth path Nordex intends to follow in the comingyears, the Management Board stresses that the Group will outperform themarket in its sales regions. Average annual growth is set to hit the 8percent mark, supported by increased market share in the core markets, newmarkets and organic growth in the service business.---------------------------------------------------------------------24.09.2014 Dissemination of a Corporate News, transmitted by DGAP - aservice of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP 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  ---------------------------------------------------------------------  288560 24.09.2014