Nordex Raises Wind Turbine Order Outlook on European Growth
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.
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