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.
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- 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
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