Press Release
Publisher: Nordex SE
Nordex SE secures funding for continued growth - Guarantee credit facility renewed until 2017 and increased to EUR 550 million
Hamburg - The Nordex Group has signed with its banks a new and substantially optimized syndicated credit facility for bank guarantees. The term, scope and conditions of this guarantee credit facility have been adjusted to meet the Group’s current requirements. Thus, the facility amounts to EUR 550 million and ends on 30 June 2017. \"In this way, we have created the financial basis for funding our expected further growth in the future and the resulting guarantee obligations,\" says Nordex CFO Bernard Schäferbarthold.
Last year, the Group’s sales rose by around 33 percent to EUR 1.4 billion, accompanied by a substantial improvement in operating profit. At the same time, Nordex was able to strengthen its balance sheet due to its stringent working capital management and the successful issue of new equity in November 2013. Says Schäferbarthold: \"The new funding arrangements have in particular been made possible by this favourable performance.\"
Hamburg, 3 March 2014
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Attention editorial offices: For further questions please contact Mr. Felix Losada, Nordex SE.
Media contact
Felix Losada
Tel: + 49 (0)40/300 30 1000
Fax: + 49 (0)40/300 30 1333
E-mail: flosada@nordex-online.com
Internet: http://www.nordex-online.com
Nordex SE
Langenhorner Chaussee 600
22419 Hamburg, Germany
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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 (0)40 - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141