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Nordex Raises Wind Turbine Order Outlook on European Growth

Nordex SE (NDX1), a German wind-turbine maker, raised its order-intake outlook on sales in Europe and South Africa. The shares climbed the most in six weeks.

Nordex sees order intake for the year of as much as 1.4 billion euros ($1.9 billion), from as much as 1.3 billion euros earlier, it said today in a statement. Net income for the first nine months climbed to 5.3 million euros as sales advanced 47 percent and cost-cutting measures took effect, the Hamburg-based company said.

“We are very satisfied with our business performance in 2013,” Chief Executive Officer Juergen Zeschky said. The company reaffirmed its full-year earnings guidance.

Nordex climbed as much as 8.6 percent in Frankfurt, to 12.65 euros a share, the steepest intraday gain since Oct. 1. It was trading at 12.22 euros at 10:42 a.m. local time. The shares fell the most in five years on Nov. 11 after Chancellor Angela Merkel’s government coalition negotiators agreed to cut aid for new onshore wind projects.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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