Nordex entering a new league in 2016

DGAP-News: Nordex SE / Key word(s): Final Results/Forecast2016-03-21 / 11:11The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------* Merger with Acciona Windpower to be finalised at the beginning of April* Further sales growth to more than EUR 3.4 billion * EBITDA margin of over 7.5% expected* Preliminary full-year figures for 2015 confirmedHamburg, 21 March 2016. On the basis of its audited consolidated financialstatements which have now been released, the Nordex Group (ISIN:DE000A0D6554) is able to confirm the preliminary data for 2015 which itreported in February.According to these figures, sales rose by around 40% to EUR 2,430.1 millionin 2015 (2014: 1,734.5 million). Earnings before interest and taxes (EBIT)climbed by just under 62% to EUR 126.2 million (2014: EUR 78.0 million).Accordingly, operating profit (EBIT) came within the forecast, while salesslightly exceeded the guidance range, which had been most recently adjustedupwards in November.Consolidated net profit rose by some 34% to EUR 52.3 million (2014: EUR39.0 million), translating into earnings per share of EUR 0.65 (2014: EUR0.48). The net profit is affected by a high tax rate due to lost tax lossescarried forward in context with the forthcoming change of the mainshareholder. These negative tax effect has been fully taken into account inthe 2015 annual statements. Thanks to the increased profit and thepersistently low working capital ratio of -1.2% (2014: -2.3%), free cashflow widened by a further 5% to EUR 94.6 million.Nordex also achieved new records in its operating indicators: in additionto order intake, which rose by 41% to EUR 2,470.9 million (2014: EUR1,753.9 million), the turbine assembly output of 1,899 MW (2014: 1,417 MW)and the installation output of 1,697 MW (2014: 1,489 MW) reached thehighest levels ever in the company's history of more than 30 years.Following the merger with Acciona Windpower, for which antitrust clearancehas recently been received, Nordex will be adding a new chapter to itshistory. The transaction is to be finalised both legally and commerciallyat the beginning of April. Based on the already published firm orderbacklog, Nordex and Acciona Windpower are jointly seeking sales of over EUR3.4 billion and an EBITDA margin in excess of 7.5% in 2016.In addition to current demand, the outlook is also based on the increasedorder backlog for turbine engineering. The volume of firmly financed ordersplaced with Nordex increased by 14% to EUR 1,668.0 million on the reportingdate (31 December 2014: 1,461.6 million). This will be supplemented by thecompany's own service business and, from the second quarter, AccionaWindpower's activities. According to the Acciona Group, order backlogstands at 1,140 MW as of 31 December 2015."We started 2016 backed by a good order book and continue to observe strongdemand in our focus markets such as Germany, France and Turkey. Lookingforward, Acciona Windpower markets, e.g. India and Mexico, will also becontributing to our growth. In addition, we will be benefiting to a greaterextent from the renewal of the production tax credits in the UnitedStates," says Chief Executive Officer Lars Bondo Krogsgaard and adds: "Thisgive us a very good basis for further growth and an excellent startingpoint for the coming year. In addition to transforming the two companiesinto a single entity, we also want to achieve progress in the quality ofour earnings on the basis of improved products."About NordexAs one of the technological leaders in multi-megawatt wind power systems,Nordex is benefiting from the trend in favour of large-scale turbines. TheGeneration Gamma range comprises the N90/2500, N100/2500 and the N117/2400,which is one of the most efficient series turbines for non-coastal regions.To date, over 3,600 of these turbines have been produced. With GenerationDelta, Nordex is now offering the fourth generation of its provenmulti-megawatt platform (N100/3300, N117/3000, N131/3000 as well as theN131/3000 for the German market). Nordex has installed a total of around7,000 turbines with an aggregate capacity of more than 13,000 MW all aroundthe world. With exports accounting for around 70 percent of its business,Nordex SE also plays a key role in international high-growth regions. TheCompany has offices and subsidiaries in more 20 countries around the worldThe Group currently has around 3,300 employees around the world. In October2015, the Nordex Group announced that it would be merging with the Spanishturbine producer Acciona Windpower.---------------------------------------------------------------------------2016-03-21 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   Language:    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:      Regulated Market in Frankfurt (Prime Standard); Regulated                   Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,                  Munich, Stuttgart; Terminbörse EUREX                                 End of News    DGAP News Service