Press Release
Publisher: Nordex SE
Increase in Nordex Group
• 33.6% increase in new orders
• Acquisition of Acciona Windpower drives growth in South and North America
• Working capital ratio meeting 2016 target
Hamburg (renewablepress) - The order intake of the Nordex Group (ISIN DE000A0D6554) grew by 33.6% to EUR 3.30 billion in 2016 (2015: EUR 2.47 billion). The geographical distribution of 2016 orders mirrored the intended broadening of Nordex´ market footprint following the acquisition of Acciona Windpower effective 1 April 2016.
Consequently, the share of South and North American orders increased to 34% of the total 2016 order intake (2015: 10%). Orders from South American countries amounted to EUR 560 million, and the United States (US) contributed EUR 550 million of new orders. US volumes included EUR 170 million of “safe harbour” transactions with which Nordex secured tax incentives for its customers for wind farm construction in subsequent years. “Safe harbour” orders are expected to eventually result in additional orders that will exceed the originally contracted volume by a significant multiple.
Europe and Africa contributed 65% of total order volume (2015: 90%). Nordex cemented its strong position at home with new orders of more than EUR 1.17 billion in Germany (2015: EUR 915 million).
The achieved order intake for 2016 fell just under three percent short of the company´s full-year target following the postponement of a major order in South America.
Due to the strong year-end cash position Nordex will meet its working capital ratio target for 2016 of below 5 percent. The exact working capital ratio as well as other financial information will be released, when Nordex announces preliminary financial results for 2016 at the end of February.
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https://www.iwrpressedienst.de/bilddatenbank/nordex/order-intake2016.jpgHamburg, 11 January 2017
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E-Mail: rpeters@nordex-online.com
Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Internet: http://www.nordex-online.com
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About Nordex SE
The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.
The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).
Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.
Press contact at Nordex SE
Felix Losada
Mail: flosada@nordex-online.com
Phone: +49 - (40) - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 - (40) - 300 30 - 1141