10.05.2016 Nordex SE  DE000A0D6554

DGAP-News: Nordex SE: Quarterly report: Nordex entering 2016 with double-digit sales growth


 
DGAP-News: Nordex SE / Key word(s): Quarterly / Interim Statement Nordex SE: Quarterly report: Nordex entering 2016 with double-digit sales growth 10.05.2016 / 08:15 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Substantial increase in production output and installations in the first quarter - New orders worth EUR 541 million secured - Order backlog stable at EUR 1,638 million Hamburg, 10 May 2016. Nordex SE (ISIN: DE000A0D6554) entered 2016 with strong top-line growth. Sales rose by 28.3% to EUR 637.0 million (1st quarter 2015: EUR 496.5 million). This increase was materially due to operating performance in the production and installation areas. These figures do not yet include Acciona Windpower, which has been part of the Nordex Group since 1 April 2016. The new subsidiary will be consolidated from the second quarter of 2016. At 573.9 MW, turbine production output was a good 24% up on the same period of the previous year (1st quarter 2015: 462.1 MW). Rotor blade production also rose very substantially by 141% or 66 units to 159 rotor blades. The facility in Rostock is benefiting from the ramp-up of production and the implementation of more efficient production processes following the completion of the conversion and expansion programme and the commencement of volume production of the NR 65.5 rotor blade. Nordex installed a capacity of 490.5 MW in nine wind markets in the period under review, equivalent to a significant increase of more than 100% over the same period of the previous year, when 240.2 MW was installed in nine countries. The main markets in the period under review were Germany with 147 MW, Pakistan with 95 MW and France with 72 MW. New business performed in line with expectations in the first quarter. During this period, the Nordex Group received firmly financed orders worth EUR 541.0 million (1st quarter 2015: EUR 644.1 million). The 16% decline is due to a special effect arising in the previous year. Thus, a large-scale contract was received in the 1st quarter of 2015 and is still being executed, as a result of which large parts of it are still assigned to the order backlog. The firmly financed turbine order backlog was valued at EUR 1,638.0 million as of 31 March 2016 and was thus unchanged over the previous year (31 March 2015: EUR 1,656.9 million). After the end of the quarter, on 1 April 2016, the merger with Corporación Acciona Windpower S.L. (AWP) was executed with full legal effect. On this day, AWP was transferred to Nordex and José Luis Blanco (Chief Operating Officer) and Patxi Landa (Chief Sales Officer) were appointed as new members of the Management Board. At today's annual general meeting in Rostock, the transaction will be culminating with the election of the members of the Supervisory Board among other things. Moreover, the increase in the Company's share capital using authorised capital to issue 16.1 million new shares took effect upon being entered in the commercial register on 5 April 2016. Consequently, Nordex SE now has share capital of EUR 96,982,447 divided into 96,982,447 shares each with a nominal value of EUR 1.00. In addition, the cash component of the purchase price for AWP of EUR 366.4 million less its consolidated net financial liabilities as of 31 December 2015, for which the Nordex Group had issued a "green" promissory note for EUR 550 million, fell due for payment. At the same time, a corporate bond of EUR 150 million issued in April 2011 was repaid on schedule on 12 April. In accordance with the voting right notifications of 12 April 2016, Acciona S.A. now holds 29.90% and SKion/momentum 5.71% of Nordex SE's capital. The remaining 64.39% are free float as defined by Deutsche Börse. Nordex SE will be reporting on further financial indicators on 23 May in an expanded interim statement, which will also include the earnings indicators currently not yet available. The first consolidated report including Acciona Windpower's activities will be published on 28 July 2016. Selected performance indicators at a glance

Indicator                                      Q1 2016    Q1 2015    Change
Sales (EUR million)                            637.0      496.5      28.3%
Turbine order receipts (EUR million)           541.0      644.1      -16.0%
Firmly financed order backlog (EUR million)    1,638.0    1,656.9    -1.1%
Turbine production output (MW)                 573.9      462.1      +24.2%
Rotor blade production output (units)          159        66         >100 %
Installed capacity (MW)                        490.5      240.2      >100 %


The information reproduced in this press release has not been audited or undergone any limited review. About Nordex The Nordex Group The Group has installed wind power capacity of more than 18 GW in over 25 markets. In 2015, Nordex and Acciona Windpower recorded combined sales of EUR 3.4 billion. The Company currently has over 4,800 employees. The production network comprises plants in Germany, Spain, Brazil, the United States and soon also India. The product range primarily concentrates on onshore turbines in the 1.5 - 3MW class addressing the requirements of developed as well as emerging markets. --------------------------------------------------------------------------- 10.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Nordex SE Erich-Schlesinger-Straße 50 18059 Rostock Germany Phone: +49 381 6663 3300 Fax: +49 381 6663 3339 E-mail: [email protected] Internet: www.nordex-online.com ISIN: DE000A0D6554 WKN: A0D655 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 461833 10.05.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 3.077,79 2.459,12 3.284,57 4.650,74 5.443,95 5.693,56 6.489,07
EBITDA1,2 200,66 101,66 123,83 93,95 52,67 -244,27 2,03
EBITDA-Marge3 6,52 4,13 3,77 2,02 0,97 -4,29
EBIT1,4 43,36 -54,18 -19,58 -61,84 -107,33 -426,68 -186,47
EBIT-Marge5 1,41 -2,20 -0,60 -1,33 -1,97 -7,49 -2,87
Jahresüberschuss1 0,33 -83,85 -72,98 -129,71 -230,16 -497,76 -302,81
Netto-Marge6 0,01 -3,41 -2,22 -2,79 -4,23 -8,74 -4,67
Cashflow1,7 91,41 124,93 37,98 -352,20 127,56 -350,09 161,20
Ergebnis je Aktie8 0,00 -0,86 -0,73 -1,21 -1,68 -2,71 -1,33
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Nordex
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0D655 12,300 Halten 2.908,34
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,36 31,37 0,72 -17,30
KBV KCV KUV EV/EBITDA
3,15 18,04 0,45 1.124,61
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 23.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 25.07.2024 14.11.2024 29.02.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
11,32% 12,99% 18,27% 10,76%
    
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