Nordex SE expects almost stable margin despite lower revenue in 2017

Nordex SE / Key word(s): Forecast23-Feb-2017 / 16:59 CET/CESTDisclosure of an inside information acc. to Article 17 MAR, transmitted byDGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Hamburg, 23 February 2017. During a review of the budget for the financialyear 2017 and the medium-term target 2018, the Management Board of NordexSE (ISIN: DE000A0D6554) concluded today that revenue this year is likely toamount to 3.1 to 3.3 billion Euros. Reduced expectations for business incertain core markets are the reasons for a lower revenue expectation in2017 compared to 2016 and the previous budget.The EBITDA-margin in 2017 is, however, expected to remain almost stable,compared with the margin of 8.3% expected for 2016. The target range forthe operating margin is 7.8% to 8.2%. Nordex is targeting revenue of 3.4 to3.6 billion Euros in 2018 and an unchanged EBITDA margin compared to theprevious year.Despite lower capacity utilization, the Management Board expects that theEBITDA margin will remain almost stable as stated above. The main basis forthis development is the internal programme to reduce the cost of energy(COE), which Nordex is using to counteract the pricing pressure. Inaddition, Nordex expects synergy benefits from the acquisition of AccionaWindpower and the almost complete lack of non-recurring expenses, whichreduced earnings in 2016.The Management Board will publish preliminary results for 2016 and furtherdetails on the outlook for the financial year 2017 and the targets for 2018on 1 March. The work currently underway to prepare the accounts for thefinancial year 2016 suggests that financial key figures will be in linewith guidance. Guidance was for revenue of 3.35 billion Euros, an EBITDAmargin of 8.3% and a working capital ratio of under 5%.Lars Bondo Krogsgaard, CEO, and Christoph Burkhardt, CFO, will be availableto discuss this announcement on a conference call this evening at 5:45 pmCET.Phone number: +49 (0)69 22 22 13 420Pin Code: 50 87 010Ansprechpartner für Rückfragen:Nordex SERalf PetersTelefon: 040 / 300 30 - CET/CEST The DGAP Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at   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, Tradegate Exchange     End of Announcement    DGAP News Service