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Last €23.18 EUR
Change Today +0.255 / 1.11%
Volume 463.6K
NDX1 On Other Exchanges
As of 6:39 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

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05/20/15 - €23.26
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nordex se (NDX1) Details

Nordex SE, together with its subsidiaries, develops, produces, services, and markets onshore wind power systems in Europe, Asia, and the United States. It offers various wind turbines comprising N131 with 3 megawatt (MW) capacity for average wind speeds; N117 with 3 MW capacity for medium wind speeds; N100 with 3.3 MW capacity for strong-wind locations; N117 with 2.4 MW capacity for low-wind sites; N100 with 2.5 MW capacity for use in medium and low wind conditions; and N90 with 2.5 MW capacity used at strong-wind sites. The company also provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, the company offers planning, delivery, installation, and commissioning of various electrical and technical automation systems, as well as the infrastructural measures required for wind turbines. Further, it provides installation services of turnkey wind parks with the substation, as well as maintenance, inspection, repair, spare parts, modernization, technical enhancements, and remote monitoring and management services. Nordex SE was founded in 1985 and is headquartered in Hamburg, Germany.

2,951 Employees
Last Reported Date: 05/14/15
Founded in 1985

nordex se (NDX1) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €660.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €488.0K
Chief Customer Officer and Member of Manageme...
Total Annual Compensation: €540.0K
Compensation as of Fiscal Year 2014.

nordex se (NDX1) Key Developments

Nordex SE Announces Executive Changes

Dr. Jürgen Zeschky, Chief Executive Officer of Nordex SE, has informed the Supervisory Board of the company that he intends to leave the company for personal reasons. Dr. Jürgen Zeschky and the Supervisory Board of the company have agreed that Dr. Zeschky will resign from his position as a member of the Management Board, effective 31 May 2015. The future activities of Nordex will be led by Lars Bondo Krogsgaard, hitherto Chief Customer Officer, as Chief Executive Officer and Bernard Schäferbarthold, who will continue his role as Chief Financial Officer in the Management Board. Both Krogsgaard and Schäferbarthold have been instrumental in Nordex's business success in recent years and have a long track record in the wind power industry. At the same time, an Executive Committee will be established, which will be comprised of the two Management Board members as well as executives from various core corporate functions. Chaired by Lars Bondo Krogsgaard, the Executive Committee will be responsible for strategic matters as well as specific project and operational tasks of overriding importance.

Nordex SE Announces Consolidated Earnings and Operating Results for the First Quarter of 2015

Nordex SE announced consolidated earnings and operating results for the first quarter of 2015. For the first quarter, the company reported 17% increase in sales to EUR 496.5 million in the first quarter of 2015 against EUR 424.5 million in the first quarter of 2014. This growth was materially driven by business in EMEA (Europe/Africa), whereas sales in the Americas and in Asia declined. The sharp overall increase in activity is reflected in the 44.2% growth in production output. Thus, turbine production output rose to 462.1 MW against 320.5 MW. Consolidated operating earnings rose by 17.3% to EUR 24.8 million in the period under review against EUR 21.1 million in the first quarter of 2014. This favorable performance is mainly due to economies of scale and a below-average increase in structural costs. Consolidated net profit rose by 62.6% to EUR 14.8 million against EUR 9.1 million in the first quarter of 2014, which also reflects the substantial improvement in net finance expense. Free cash flow increased to EUR 46.2 million against EUR 14.8 million in the first quarter of 2014.

Nordex SE Receives Further Order from Northern Irish Utility Energia Renewables

Nordex SE has received a further order from Northern Irish utility Energia Renewables. Under the contract, Nordex will be supplying and installing 38 N90/2500 turbines as well as the provision of premium service for 15 years for the Meenadreen Extension wind farm. Nordex will be starting work on installation of the wind farm, which is located in Donegal in North West of Ireland, in March 2016. Located close to the coast, this site offers very good wind speeds. Consequently, Energia has opted for N90/2500 turbines, which are designed for these conditions. The project is to achieve an annual yield of a 255 gigawatts, equivalent to the consumption of some 70,000 homes.


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