EANS-Adhoc: Nordex closes 2012 with record order intake and announces non-recurring expenses for sustained success in the United

PR Newswire/euro adhoc/
EANS-Adhoc: Nordex closes 2012 with record order intake and announces
non-recurring expenses for sustained success in the United States and China 
- Roughly 15% increase in new business to EUR 1,268 million
- Reorganization in the United States and China resulting in de-preciation
expense of an expected EUR 60 - 75 million
- Forecast operating margin of around 1% for 2012 confirmed
- Increase in liquidity to around EUR 273 million at the end of 2012
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. 
Earnings Forecast/Company Information
15.01.2013 
According to final calculations, order intake amounted to EUR 628 million in the
fourth quarter (Q4 2011: EUR 400 million) and the new business of the Nordex
Group (ISIN: DE000A0D6554) increased by 14.6 percent in 2012 to a new record of
EUR 1,268.4 million (2011: EUR 1,107 million).  
At the same time, the Company announced today that it expects non-recurring
expense of EUR 60 - 75 million for 2012 in connection with the planned
struc-tural adjustments in the United States and China. In autumn 2012, the
Man-agement Board had announced steps to place the two foreign operations on a
sustained profitable basis. One of the first steps in this direction was the
an-nouncement made by the Management Board in December 2012 that rotor blade
production is to be discontinued in China. In the course of the year, Nordex had
come under strain as a result of low capacity utilization in China and the
United States. The Company will be announce details of the reorgani-zation
measures for these subsidiaries in due course.  
The record order intake was driven by strong demand in the EMEA region, which
contributed 94 percent of the new business. Only around one percent of new
business came from China and some five percent from America. In this region,
Nordex successfully entered the South American market after receiving a major
order from Uruguay. A further reason for the company's sales success was the
strong demand for the multi-MW platform. Thus, more than half of all new
contracts were accounted for the two largest wind power systems, the N100/2500
and the new N117/2400. Nordex has been producing the N117/2400 in series since
summer 2012 and sold out of this product in that year. The company has completed
the first major N117 project on schedule in 2012. 
In addition, Nordex is confirmed today its forecast of an operating margin (EBIT
before non-recurring expenses) of around one percent. On the basis of this
preliminary data, Nordex continues to have a solid balance sheet as of 31
December 2012. Liquidity rose by 28 percent to EUR 273 million; adjusted for
financial liabilities in connection with a bond issue and towards banks, net
li-quidity stands at around EUR 50 million as of the reporting date (31 December
2011: net debt of EUR 18.9 million). The equity ratio should remain stable at
around 30 percent. 
Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22
rpeters@nordex-online.com 
issuer:      Nordex SE 
         Langenhorner Chaussee 600 
         D-22419 Hamburg
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
mail:        info@nordex-online.com
WWW:         http://www.nordex-online.com
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, 
         regulated dealing/prime standard: Frankfurt 
language:   English 
    
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-0- Jan/15/2013 08:02 GMT
 
 
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