Press Release
Publisher: Nordex SE
Quarterly statement: Nordex SE with improved profitability and earnings
- Increase in gross margin to 25.1%
- EBITDA up by just under 57% to over EUR 59 million
- Consolidated net profit of EUR 25.5 million
.Hamburg (renewablepress) - Underpinned by a significant increase in production and installation figures, Nordex SE (ISIN: DE000A0D6554) entered 2016 with strong top-line growth. Sales rose by 28.3% to EUR 637.0 million (Q1 2015: EUR 496.5 million).
However, the other financial performance indicators rose substantially more quickly. Thanks to a gross margin of 25.1% (Q1 2015: 22.0%), profitability measured in terms of EBITDA rose by just under 57% to EUR 59.1 million (Q1 2015: EUR 37.7 million). As a result, the EBITDA margin widened by 1.7 percentage points to 9.3% (Q1 2015: 7.6%). The EBIT margin came to 7.1% (Q1 2015: 5.0%).
Consolidated net profit climbed by over 72% to EUR 25.5 million (Q1 2015: EUR 14.8 million), translating into earnings per share of EUR 0.31 (Q1 2015: EUR 0.18).
At 0.7%, the working capital ratio was up on the previous year (Q1 2015: -4.8%) but still well below the target of < 5%. The equity ratio came to 31.2% and was thus unchanged over the previous year.
\"We entered the year on a dynamic note and are now commencing the integration phase with Acciona Windpower on a solid footing,\" said Chief Financial Officer Bernard Schäferbarthold.
The first consolidated report including the activities of Spanish subsidiary Acciona Windpower, which merged with the Nordex Group in April 2016, will be published on 28 July 2016.
Selected performance indicators at a glance
Q1 2016
Sales (EUR million) 637.0 (+28.3% in comparison to Q1 2015)
Firm order intake (EUR million) 541.0 (-16.0%)
EBITDA margin (%) 9,3 (+1.7 pp)
EBIT margin (%) 7,1 (+2.1 pp)
Consolidated net profit (EUR million) 25,5 (+72,3 %)
Earnings per share (EUR)* 0,31 (+72,2 %)
Working capital ratio (%) 0,7 (+ 5.5 pp)
Equity ratio (%) 31,2 (Unchanged)
Q1 2015
Sales (EUR million) 496.5
Firm order intake (EUR million) 644.1
EBITDA margin (%) 7.6
EBIT margin (%) 5.0
Consolidated net profit (EUR million) 14.8
Earnings per share (EUR)* 0.18
Working capital ratio (%) 0.7
Equity ratio (%) 31.2
* based on 80.9 million shares
The information reproduced in this press release has not been audited or undergone any limited review.
Hamburg, 23 May 2016
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Media contact:
Ralf Peters
Telephone: +49-40-300 30 – 1000
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 (0)40 - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141