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Press Release

Publisher: Nordex AG

Ad-hoc bulletin: Nordex rising sales and heightened profitability

- Increase in sales to EUR 151 million / 80% increase in net profit

Hamburg, May 15, 2007 - In the first quarter of the current fiscal year, the Nordex Group (ISIN: DE000A0D6554) achieved as planned a 21 percent increase in sales to EUR 151 million (previous year: EUR 125 million). In fact, new business widened by 37 percent to EUR 361 million (previous year: EUR 263 million). Unconditional and con-ditional orders climbed in value by 53 percent to around EUR 1.36 billion (previous year: EUR 890 million), sufficient to keep the Com-pany busy until the end of 2008.

Earnings before interest and tax (EBIT) improved by 52 percent to EUR 5.6 million (previous year: EUR 3.7 million). Accordingly, the re-turn on sales widened from 2.9 percent to 3.7 percent. This encour-aging performance was materially due to the completion of recently received projects with higher margin contributions. At the same time, Nordex was able to trim its cost of materials ratio to 79 percent (pre-vious year: 80 percent). Thanks to its high liquidity (March 31, 2007: EUR 110 million), Nordex achieved an almost balanced financial re-sult. This is materially reflected in net profit, which rose by around 80 percent to EUR 4.7 million (previous year: EUR 2.6 million).

The sourcing difficulties in some parts of the market and the estab-lishment of new production sites in China led to an increase in inven-tories for projects to be completed in the short term. Accordingly, in-ventories were up 11 percent to EUR 157 million as of the balance sheet date. The equity ratio was virtually unchanged at 33 percent.

Looking ahead over the next few quarters, the Management Board expects further growth in business volumes together with a higher re-turn on sales. Nordex continues to project full-year sales of more than EUR 750 million for 2007 (previous year: EUR 514 million). The EBIT margin is expected to come to around 6 percent (previous year 3.2%).


Hamburg, 15 May 2007

Publication and Reproduction permitted; please send a specimen copy to Nordex AG.


For more information please contact:

Nordex AG
Ralf Peters
Telephone: 040 / 500 98 - 100, Telefax: – 333
E-mail: rpeters@nordex-online.com>rpeters@nordex-online.com
Internet: http://www.nordex-online.com



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